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Hold Hindustan Zinc, support for Havells India at Rs 425: Prakash Gaba

Prakash Gaba of prakashgaba.com suggests holding Hindustan Zinc while he feels that support for Havells India is placed at Rs 425.

July 10, 2017 / 15:36 IST

Prakash Gaba of prakashgaba.com told CNBC-TV18, "For Havells India, the trend is still intact, has not been compromised; Rs 425 is a strong support zone to work with. He is sitting on a huge profit. Best thing to do is to purely from a trading purposes, I would say have a trailing stop loss. If it is up, let us ride the trend the moment it turns, we exit. Stop loss should be Rs 425."

"India Cements expands and contracts. I would not call it a U-turn. It has seen a good expansion, so it contracted. So, I would say structurally it is still up, no sign of weakness, Rs 180-190 is a strong support zone. If one wants to enter for long term, Rs 190 would be the right way or if one wants to enter now, add it, but have a stop loss below Rs 190," he said.

"Hindustan Zinc gave a buy signal a couple days earlier, somewhere around the zones of around Rs 235-240 zones, still up and yet even if we do get some dips, those are buying opportunities from medium term to long term. If someone has got it, hold on."

first published: Jul 10, 2017 03:24 pm

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