Buy DCB, Lanco Infra, IRB Infra: Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can bet on DCB, Lanco Infra, IRB Infra.

Sukhani told CNBC-TV18, “Development Credit Bank gone through a very deep correction. That correction seems to be over. Stocks go through cycles of rallies and then declines. So once the declining cycle is over then we can expect a rally to be initiated. That’s applicable to DCB. So here is an investment buying opportunity apart from whatever the fundamentals maybe good, may not be good. I think the charts are very keen on an upswing.” He further added, “Lanco Infratech and IRB Infra are both on the verge of breakouts on the upside, they haven’t actually done so, but if they continue with these gains they will become short-term buys. There are news related problems with IRB and that the trader has to understand, but the charts are very attractive.  “Jaypee Associates and Jaypee Power both have been coming in my buying radar for the last few days. For these two stocks I think there are investment opportunities available.” Disclosure: I do not have a personal holding in any of the stocks discussed.