Rajesh Bhosale, Technical Analyst at Angel Broking has recommended trading strategies on Rajesh Bhosale on how to trade in Aurobindo Pharma, Kotak Mahindra Bank and Hindustan Zinc. He gave following rationale for technical strategies:

1. Aurobindo Pharma
View-Bearish
Last Close-Rs. 641.10

''This stock has been a clear underperformer since making a high around 800 levels in Nov 2017. On the daily chart, prices are moving in a 'Lower Top Lower Bottom' price formation which a bearish cycle. In addition, prices have now convincingly closed below 660 levels which acted as strong support for three times in last four months indicating clear signs of weakness. Momentum oscillator i.e. RSI continues to stay in sell mode well below the 30 mark. Thus, we recommend selling this stock at current levels for a target of Rs 597 over the next 5-10 sessions. The stop loss should be fixed at Rs 663.''

2. Kotak Mahindra Bank
View-Bullish
Last Close-Rs. 1033.25

''Stock prices since last three month were trading in a 'Symmetrical Triangle' pattern where both the trend lines of the pattern proved to be a strong support and resistance zone in the past. On the daily chart, prices have broken above the higher range of the pattern confirming a bullish breakout. The said breakout is supported by above-average volume. In addition, we are witnessing a positive crossover in moving averages where 5DEMA is cutting 20DEMA and 50DEMA from below. Momentum RSI on the daily chart is heading northwards well below the 70 mark; indicating further strength in the counter in the near term. Thus, we recommend buying this stock at current levels for a target of Rs 1070 over the next 5-10 sessions. The stop loss should be fixed at Rs 1015.'' 

3. Hindustan Zinc
View-Bearish
Last Close-Rs. 315.45

''Since last three months, the stock is witnessing strong resistance around 330 levels and has acted as supply zone pushing prices lower. On the daily chart after failing to break the said resistance zone prices have formed a bearish reversal pattern known as 'Twizzer Top' which has engulfed last five session's gain. In addition, we are witnessing a bearish crossover in RSI with its smoothened moving average in the overbought territory. Moreover, prices have also closed below 5DEMA which acted as strong support for last eight trading session and now indicates a change in polarity. Thus, we recommend selling this stock at current levels for a target of Rs 287 over the next 5-10 sessions. The stop loss should be fixed at Rs 329.'' 

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