Stock picks of the day on April 4, 2019

Dabur India Ltd: Buy| LTP: Rs.403.45 | Target: Rs 432|Stop Loss: Rs 394|Upside 8%

The stock has been finding support above its previous swing low of 395 which suggests the presence of demand around its previous low.

On the daily chart, the stock price has formed a bullish Harami pattern, and in addition, the price has completed ABCD harmonic pattern. Traders can accumulate the stock in the range of Rs 400-405 for the target of 432 and a stop loss below 394.

BPCL: Sell| LTP: Rs.363.20 | Target: Rs 340| Stop Loss: Rs 376| Upside 6%

The stock price has fallen below the rising trendline on the daily chart which suggests reversal of the previous uptrend.

In addition, the price has slipped below the previous swing low of 374. The momentum indicator, RSI (14) has been in a bearish crossover and falling. Traders can sell the stock in the range of 360-365 for the target of 340 with a stop loss above 376.

HCL Technologies: Buy| LTP: Rs 1120.60| Target: Rs 1177|Stop Loss Rs.1092| Upside 5%

On the daily chart, the stock has moved above its previous swing high which suggests rising optimism. Moreover, the stock has formed an inverted Head and Shoulder pattern and price has moved above its neckline.

The daily RSI (14) is in a bullish crossover and rising with a current reading of 68.49. Traders can accumulate the stock in the range of 1115-1125 for the target of 1177 and a stop loss below 1092.