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Mar 17, 2017 09:24 AM IST | Source: CNBC-TV18

Buy Just Dial, Godrej Industries, CESC, Asian Paints: Rajat Bose

Rajat Bose of rajatkbose.com is of the view that one can buy Just Dial, Godrej Industries, CESC and Asian Paints.

Rajat Bose of rajatkbose.com told CNBC-TV18, "I have four counters to talk about, to start with Just Dial, it is actually forming bullish flags and moving up. Yesterday there was a move of that kind with good volume and the move is likely to continue. Keep stop loss below Rs 605 and targets are Rs 627 and Rs 635."

"The second stock is Godrej Industries, almost a similar situation out there. Here you put a stop loss below Rs 508.50 and Rs 524 is the target," he said.

"CESC has actually shown a reversal formation and now it is moving up probably to reclaim the earlier highs. I would put a stop loss below Rs 828 and target would be Rs 855 and Rs 862."

"Asian Paints is on an uptrend and steadily moving up. One day it takes a pause and next day it gives a move and when once it starts moving at least two to three sessions, it moves up, hence this buy call; put a stop loss below Rs 1,084 and targets of Rs 1,110 and Rs 1,119." 

"These are the four stocks, apart from that I would like to mention one more stock which I found yesterday and it looks pretty good. It is SP Apparel, Rs 464 is the current level and it is on a very steady uptrend. It sells the Crocodile brand of T-shirts in India and this stock is looking pretty good, it is a midcap and is on a solid uptrend."

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