Moneycontrol
May 20, 2016 02:41 PM IST | Source: CNBC-TV18

Buy Exide Industries, Bosch, Glenmark Pharma: Manish Hathiramani

Manish Hathiramani, Proprietary Trader & Technical Analyst at Deen Dayal Investments recommends buying Exide Industries, Bosch and Glenmark Pharma.

Manish Hathiramani, Proprietary Trader & Technical Analyst at Deen Dayal Investments told CNBC-TV18, "I will continue with three buy calls. The first one is a buy on Exide Industries for a target of Rs 161, stop loss of Rs 146. The stock has done really well after crossing the levels of Rs 135 which was a resistance point. The level thereafter to watch out for was Rs 143. We have crossed that as well. Volumes are healthy and therefore we should be seeing higher levels."

"The second buy is on Bosch for a target of Rs 22,000, stop loss Rs 20,850. The level of Rs 21,150 was the short term resistance to watch out for and the stock has corrected over there over the last few days. We have crossed that this morning and we should be scaling higher," he said.

"The last buy is on Glenmark Pharma for a target of Rs 910, stop loss Rs 840. The stock has been on a lull for a while and we are now seeing fresh upsurge. We have crossed levels of Rs 850 which was a resistance point, we could even see levels of Rs 950."

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