Gaba told CNBC-TV18, "Lok Housing is a stock that I liked technically. It has given a very good breakout at Rs 170, again a fresh breakout at Rs 180, then it went to level of Rs 200 and it has come back to around Rs 180. The way it has come back from Rs 200 levels to Rs 180 levels looks like structurally it is a good place for retesting a breakout. Technically, it should have a target of around Rs 250. It is holding around the levels of Rs 185-186. The risk reward ratio is around Rs 10 on the downside and perhaps to around Rs 70 on the upside. From a technical perspective the place is just for the stock to enter, it can go to around Rs 250-260 levels in days to come."
