BF Utilities has target of Rs 325- 335, says Gandhi

One can buy BF Utilities for short term with a target of Rs 325- 335, says Rakesh Gandhi, Senior Tech Analyst LKP.

Gandhi told CNBC-TV18, "BF Utilities has quite a potential to move from current levels. If it maintains this level for 1-2 days that is above Rs 300 than I think it has punt and we can buy it for a target of Rs 325-335 in a very short term. The stock looks good on the chart and one can buy and hold on with a stop loss of Rs 290 or may be up to Rs 85." He further added, "I have been watching Sun TV very closely and the chart is becoming very interesting and there is a formation of a good rising triangle kind of formation which has a break out at around Rs 290 or Rs 294 levels. Stock is currently trading at the Rs 294 level and if it stays above that it has a potential to move up to Rs 380 or may be up to Rs 400 level also and that could be in 3-4 months time. So one can buy that if it sustains that Rs 294-300 level in the next 2-3 days." "For further trading opportunity in banking ICICI Bank looks good. If it stays at this level or may be above that Rs 710-700 level for next 1-2 days I think there is a move expected in ICICI Bank also, it could go up to Rs 750 or 775 also.