3 weekly technical picks

Following are the weekly technical picks from Edelweiss:

Jindal Saw

Stock had generated channel patter breakout on its weekly chart along with good volumes. Oscillator on daily and weekly chart depicts bullishness indicating upside momentum to continue in the counter.



Buying is recommended at CMP of Rs. 226.8 with target of Rs. 252 and stop loss of Rs. 212.3.

Andhra Bank

Stock had generated rising wedge pattern breakout on its daily chart along with huge volumes. Further, stock had broken out its upper end of Bollinger band and managed to close above that. Oscillator on daily and weekly charts continued its uptrend indicating positive momentum to continue in counter.

Buying is recommended at CMP of Rs. 180.4 with target of Rs. 200 and stop loss of Rs. 171.5.

UCO Bank

Stock had generated channel pattern breakout on its daily chart along with good volumes. Oscillator on daily depicts bullishness with Stochastic and RSI generating bullish crossovers.

Buying is recommended at CMP 126.6 with target of Rs. 138.5 and stop loss of Rs. 122.