Buy Page Industrie, Ashok Leyland, IndusInd Bank: Prakash Gaba

Prakash Gaba of prakashgaba.com told CNBC-TV18, "Looks like a good breakout is here in Page Industries. It has seen a beautiful consolidation for over two months or so and given a breakout. This kind of move normally tells you that there is much more upside from here. It is trading at Rs 24,500. A very strong support is in the vicinity of Rs 22,000, one can have a play for even Rs 30,000 zones."

"I still like two stocks and both on the long side. Ashok Leyland is looking good. Good base formation is here. I would have a stop loss below Rs 110 and trade long here. Target is closer to around Rs 122."

"IndusInd Bank is another stock that is looking good. Good base formation is here as well. Rs 1,650 is the stop loss and the target is in the vicinity of Rs 1,750."

Disclosure: I don’t own it. Prakash Industries has been a beautiful consolidation for over couple of months between Rs 130 and Rs 150 zones. Today’s move is encouraging, given a beautiful breakout and I think it is heading to around Rs 175-180 zones may take its own sweet time for that and deep stop loss is below Rs 140. Play for slightly longer duration for day or two."