HomeNewsBusinessMarketsHere are Amit Harchekar & Chandan Taparia's trading ideas

Here are Amit Harchekar & Chandan Taparia's trading ideas

Watch the interview of Amit Harchekar of A Plus Analytics & Chandan Taparia of Anand Rathi Sec with Reema Tendulkar & Nigel D'Souza on CNBC-TV18, in which they shared their readings and outlook on market and specific stocks.

October 07, 2015 / 08:30 IST
Story continues below Advertisement

Your browser doesn't support HTML5 video.

Watch the interview of Amit Harchekar of A Plus Analytics & Chandan Taparia of Anand Rathi Sec with Reema Tendulkar & Nigel D'Souza on CNBC-TV18, in which they shared their readings and outlook on market and specific stocks.Below is the verbatim transcript of Amit Harchekar's interview with CNBC-TV18Bharat Heavy Electricals"Bharat Heavy Electricals (BHEL) has completed a head and shoulder (H&S) pattern on long-term charts and right now this pullback is re-testing the neckline. So we believe the major upmove in this stock is over. We are expecting it to drift lower, we are expecting target somewhere around Rs 182-180 in the coming days. So from a trading perspective, one should initiate short positions at these levels and maintain a stop loss of Rs 212."State Bank of India"State Bank of India (SBI) is going through a phase of distribution, the stock has already breached multi-year support around Rs 240-245 and right now we are expecting a fresh short build up in the coming days. The stock has already gone through phase of underperformance and that clearly indicates a lot of money is moving out from SBI to private sector banks."Below is the verbatim transcript of Chandan Taparia's interviewVoltas"We are recommending to go long on Voltas. The stock is moving after a correction of last 3-6 weeks and recently it has made a strong base near Rs 245. It is also making higher highs and higher lows from last four trading sessions and has crossed the immediate hurdle of Rs 260. The stock is all set to move towards Rs 290 and a higher territory.""On any decline we have a buy opportunity, keep the stop loss of Rs 260 and trade on an immediate upside target of Rs 290," he said.Bharat Petroleum Corporation"Bharat Petroleum Corporation (BPCL) is consolidating from last couple of days but the support is shifting to higher levels. Major trend is still positive and after the recent consolidation, it may see next round of momentum. The way it is taking multiple support, we are expecting the stock to move on higher highs. So suggesting to buy with a strict stop loss of Rs 850 for the upside target of Rs 920."

first published: Oct 6, 2015 01:22 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!