Apr 25, 2013, 02.06 PM | Source: CNBC-TV18
In CNBC-TV18's popular show Bull's Eye, Parag Doctor of Keynote Capital shares his trading strategies for the day.
Parag Doctor (more)
Head - Trading Strategies, LKP | Capital Expertise: Equity - Fundamental
Ashok Leyland has made a base formation around Rs 20-21 levels and now has started a medium-term uptrend. The stock can be bought with immediate stop loss of Rs 22 and a target of Rs 24, which is where the longer term 200 day moving average is placed. If the Rs 24 level is crossed, in the medium-term then Ashok Leyland could be headed to around Rs 26-27 levels.
BF Utilities has made good base around Rs 250-260 levels and has started an uptrend. BF Utilities can be bought with an immediate stop loss around Rs 270 levels and a target of Rs 290. On the upside the medium-term target around Rs 320-330 levels is possible where there is longer term resistance for BF Utilities.
Bharat Forge has made excellent base formation around Rs 200-210 levels in the medium-term. The stock has started a short-term uptrend and can be bought with a stop loss of around Rs 230 levels, an immediate target of Rs 245. In the medium-term Bharat Forge could be headed higher to test its 200 day average around Rs 260 levels.
Escorts has good base formation around Rs 50 levels and has started a short-term uptrend. The stock can be bought with immediate stop loss around Rs 55 levels and a target of Rs 60. In the medium-term Escorts could be headed to around Rs 65, which is where the longer term 200 day moving average is located.
The city-based heavy commercial vehicles maker is
Dhananjay Sinha of Emkay Global Financial Services
Ashok Leyland, the second largest commercial vehic
Digesh Shah of Veracity Fin is of the view that on
Sudarshan Sukhani and Prakash Diwan of prakashdiwa