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Last Updated : Aug 19, 2015 03:05 PM IST | Source: CNBC-TV18

Here are Kunal Bothra‘s top trading ideas

Watch the interview of Kunal Bothra of LKP Securities with Latha Venkatesh and Reema Tendulkar on CNBC-TV18, in which he shared his reading and outlook on market and specific stocks.


Watch the interview of Kunal Bothra of LKP Securities with Latha Venkatesh and Reema Tendulkar on CNBC-TV18, in which he shared his reading and outlook on market and specific stocks.

Below is the verbatim transcript of Kunal Bothra's interview with CNBC-TV18

FDC

"FDC has purely a very good chart pattern. The history for the last couple of months have been pretty good for the stock. It has been making higher highs and higher lows kind of pattern. Even for the last couple of weeks, the stock was more or less consolidating around the range of Rs 195-190 odd. I was waiting for a breakout to happen and today was the day of the breakout and stock has risen with very good volumes as well."

"If you look at the overall chart patterns and even from a short-term perspective, it is forming a bullish flat pattern. The breakout was around Rs 195, it is almost a Rs 35 breakout. So, I am expecting targets of at least Rs 225-230 on FDC given a timeframe of at least one to three weeks. I would keep a stop loss of Rs 190 on it," he said.

Atul

"Atul has not given a breakout as such from the longer-term chart patterns. In entire 2014, the stock jumped from Rs 200 to Rs 1,500. In 2015, it is more or less consolidating. It had periods of correction as well and now it is inching back to break its previous high. I believe the larger pattern or the larger move would actually start for Atul above Rs 1,500."

"From a trading perspective, this is a good stock. It has come back above the 200-day moving average and the volumes are picking up. So, if anyone is looking for a trading type per se, look at a target of Rs 1,500 with a stop loss as close to Rs 1,300," he said.



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First Published on Aug 19, 2015 12:31 pm
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