Rajat Bose of rajatkbose.com told CNBC-TV18, "I am trading on the buy side. Indiabulls Housing Finance is a buy with a stop loss below Rs 935, targets are Rs 956 and Rs 967. This has given reversal pattern on the daily charts. So, chances are that we should see a recovery."
"Second stock is also a buy on Capital First with a stop loss below Rs 796; Rs 814 and Rs 825 are the two targets but its short-term target would be Rs 845," he said.
"Finally, in Reliance Industries, a piercing line kind of formation is developing in today’s chart; Rs 1,365 is the stop loss while Rs 1,382-1,389 are the two targets for Reliance. Three buy calls."
Disclosure: Reliance Industries owns Network 18 that publishes Moneycontrol.com.
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