Buy BGR Energy, Divi Labs, Godrej Ind: Parag Doctor

In CNBC-TV18's popular show Bull's Eye, Parag Doctor, Keynote Capital, Fort Share Broking shares trading strategy of the day.

BGR Energy has developed a very strong base formation with accumulation happening over the last several months between the Rs 280 and Rs 300 levels. The stock is well supported by the 200 day average and 15 day average and now has started an uptrend with open interest buildup. The stock is headed higher to Rs 329 levels. It can be bought with a stop loss of Rs 299. Divis Lab has been in a continuous strong uptrend for the last several months and has been making new highs. The stock has just made a fresh 52 week high and is headed higher with a target of Rs 1090 and can be bought with a stop loss of Rs 1010 which is just below the recent 3 day low. Godrej Industries has developed a very strong accumulation pattern between the Rs 220 and 230 levels which is well supported by the 200 day average and a 50 day average. The stock has started an uptrend with open interest buildup and is headed higher to an immediate target of Rs 254 and can be bought with a stop loss of Rs 236. Ruchi Soya is developing a distribution pattern between the Rs 91 and Rs 95 levels which is acting as a strong resistance due to the overhead 100 day average and the 200 day average. The stock is headed lower to a target of Rs 87 and can be sold with a stop loss of Rs 91. Disclosure: I don't have holdings in any stocks discussed but may have recommended them to clients.