Stock Picks Podcast for June 01, 2018: Top 3 buy ideas that could deliver 8-11% return

IDFC Bank: Buy| Target: Rs 45| Stop loss: Rs 39| Returns 11%

After falling sharply in the past three quarters, the stock is finally showing some signs of the base building at the current juncture. In fact, IDFC Bank has also formed a double bottom formation.

In addition, clear divergence is visible on the relative strength indicating a fresh up move is on the cards. We expect the stock to rally towards its potential target of Rs 45 in the medium term.

L&T Technology Services (LTTS): Buy| Target: Rs 1,436| Stop Loss: Rs 1,275| Returns 8%

The stock had broken out from a Symmetrical Triangle pattern on the daily chart in the previous week and is sustaining above the same. The 50-DEMA is proving to act as a strong support every-time the stock fell sharply.

Given the consolidation post breakout, we expect the momentum to extend further in the coming weeks. The medium-term target is expected at Rs 1,436 levels, translating into 8 percent returns.

Coal India Ltd: Buy| Target: Rs 319| Stop Loss: Rs 283| Returns 8%

The stock has been consolidating for the past four months and has finally broken out from a Rectangular Channel pattern on the daily chart.

The breakout has been accompanied with a smart uptick in traded volumes. In addition, another oscillator also indicates that the current momentum is likely to extend further.