Stock Picks Podcast for May 3, 2018: 5 stocks could give up to 15% return

Unichem Laboratory Ltd: Buy| Target: Rs 321| Stop loss: Rs 269|Return 12%

On the daily chart, the stock has surpassed above its previous inflection point which suggests growing optimism in the stock. In addition, on the daily chart, an Ugly Double Bottom formation is visible.

The momentum indicator, RSI (14) has moved out of the oversold zone and currently in a bullish crossover which suggests a positive sentiment in the short term.

Traders can accumulate the stock in the range of Rs 280-287 for the target of Rs321 and a stop loss below Rs 269.

Alkem Laboratories Ltd: BUY| Target: Rs 2270|Stop loss: Rs 1903|Return 12%

The stock has been in an uptrend since it gave a breakout from the consolidation pattern. On the weekly chart, a large green candle got formed after a ‘Morning Doji Star’ pattern which indicates a bullish reversal.

In addition, the price has moved above 50EMA (exponential moving average) as well as 200 EMA on the daily chart. Bullish crossover in the daily RSI (14) also confirms the positive momentum in the stock.

Traders can accumulate the stock in the range of Rs 2,000-2,025 for the target of Rs 2,270 and a stop loss below Rs 1,903.

Castrol India Ltd: BUY| Target: Rs 225| Stop loss: Rs 188| Return 12%

On the daily chart, the stock has given a breakout from its range bound pattern. After the breakout, a surge in volumes is visible.

The stock price has moved and closed above its 200-DMA (daily moving average). Moreover, the momentum indicator, such as daily RSI (14) is in bullish crossover and rising.

Traders can accumulate the stock in the range of Rs 195-200 for the target of Rs 225 and a stop loss below Rs 188.

Ujjivan Financial Services Ltd: Buy| Target: Rs 485|Stop loss: Rs 394|Return 15%

The stock has given a falling trendline breakout on the weekly chart which indicates a reversal of the previous sideward trend. On the daily chart, the price has been trading comfortably above the 50 EMA as well as 200 EMA.

Momentum oscillator, RSI (14) is in bullish crossover and rising on the weekly chart indicating a positive range shift in the price momentum. Traders can accumulate the stock in the range of Rs 415 - 422 for the target of Rs 485 and a stop loss below Rs 394.

SBI Life Insurance Co Ltd: BUY| Target RS.830|Stop Loss Rs.699|Return 12%

On the daily chart, the price has moved above the falling trendline which suggests the reversal of the previous falling trend. A breakout of the trendline was backed by a surge in volume.

The stock price has so far sustained above 50-EMA which is an indication of a short-term bullish trend. Moreover, a momentum indicator, RSI (14) has entered in a bullish crossover on the weekly chart.

Daily as well as weekly MACD has moved above their signal line which again is a positive set up. Traders can accumulate the stock in the range of Rs 735 - 745 for the target of Rs 830 with a stop loss below Rs 699.