#8 Stock Update: Weekly picks (6th-10th June)

Stocks			Remarks
BIOCON			A dragon fly Doji on weekly chart was confirmed by a strong bull candle last week. Stock Price crossed 100 and 200 DEMA last week and closed a way above it. RSI crossed 50 level mark suggesting a strong buy. Whereas stochastic is suggesting to Buy stock on dips.
CMP	363.50
	Buy on dips
Stop Loss	350,335
Targets	377,392
ANANTRAJ			A Bullish Engulfing pattern on preceding week chart was confirmed by a bullish candle last week. Daily chart have witnessed price closing above short term moving averages. MACD has shown a some bullishness and suggesting to  buy on dips.
CMP		70.95
		Buy on dips
Stop Loss		69.50,65.90
Targets		77.70,81.20
APTECH			A bullish Hammer on the weekly chart was confirmed by a bull candle last week. Price on daily chart closed above all the short term moving averages. MACD together with RSI at 50 is suggesting a buy for the stock for short term as well as long term holdings
CMP	98.45
	Buy
Stop loss	97.50,94.50
Targets	102,107.50
INGVYSYABK			Bullish Tweezers bottom was confirmed buy a bull candle on the weekly chart. On Daily chart price crossed and closed above all the moving averages including 100 and 200 DEMA last week. MACD crossed 0 line signaling buy with RSI still at 63 suggesting a strong Buy.
CMP	347
	Buy
Stop loss	340,330
Targets	356,373
ADVANTA			Bullish Tweezers bottom in the bearish trend on weekly chart is suggesting a reversal in trend for the stock. On a daily chart a small dragon fly doji was witnessed to support the bull run. Price closed above all the short term moving averages while RSI was at 51 suggesting a bull phase.
CMP	239.30
	Buy
Stop Loss	228,216
Targets	257,269
BOMBAY DYEING			A bullish hammer in down trend was confirmed by bullish tweezers bottom pattern on weekly chart for the bullish trend of the stock. On daily chart price closed above all the short term moving averages while MACD is about to cross 0 line to suggest a strong buy. RSI is strong at 54.
CMP	363.80
	Buy on Dips
Stop loss	352,338
Targets	377,393
AMBUJACEM			A bullish piercing pattern on weekly chart was confirmed by a long bull candle for the reversal. On a daily chart Inverted head and shoulder was confirmed by price closing above the neckline being at 140 level for 3 days. MACD is about to cross 0 line while RSI is at 55 suggesting a buy.
CMP	143
	Buy
Stop loss	140,136
Targets	148,153