Bull's Eye: Buy Aban Offshore, REC, HDIL; short VIP Ind

Remember these are midcap ideas not just for the day, but stocks that look attractive in the medium-term as well.

This week, Rakesh Gandhi of LKP, Siddhartha Chatterjee of Trustline Securities and Ashish Kapur of Investshoppe battle it out for top honours.

Below their top stock picks and analysis:

Rakesh Gandhi of LKP

Aban Offshore has been consolidating since last few days as we see on very short term charts that’s intraday charts. Stock has a potential to move to higher levels and can be bought for a target of Rs 450 with a stop loss of Rs 430.

Lovable Lingerie has been drifting downwards since it made a high of Rs 636 two months back. Yesterdays move suggest or points towards the move which can see higher levels and I believe stock would go to levels of Rs 570 in few weeks. For today my target for the stock is Rs 532.

Amrutanjan has been consolidating continuously below Rs 800 levels since last two to three months. Yesterday it has moved very sharply above that Rs 800 level with a very huge volume. I believe the stock could see higher levels and for today my target for the stock is Rs 865 with a stop loss of Rs 814.

Jain Irrigation has been falling since last three weeks and while falling, it has formed a falling channel formation. Yesterday it has moved very sharply from its lowest level with very good volumes. I believe as and when it crosses Rs 122, there would be a very sharp rise in momentum and could see higher levels. One can buy for a target of Rs 126 with a stop loss of Rs 118.