Buy Prestige Estates for target of Rs 155-160: Kulkarni

One can buy Prestige Estates Projects with a stop loss of Rs 132 for target of Rs 155-160, as the stock is having an excellent chart, says Shardul Kulkarni, Angel Broking.

Kulkarni told CNBC-TV18, "In case of real estate, again stock picking is very important for making money in this market. It is not that anything and everything will rally. Prestige Estates Projects has an excellent chart. At this point of time the stock is looking very good for a 10-12% up move from the current levels. So I would be bullish in case of Prestige." He further added, "Prestige has already given a good move. It consolidated for the past 4-5 trading sessions and today it has given a reversal pattern. It makes sense to buy Prestige at this point of time. Place a stop loss at Rs 132 and trade long. I am expecting Rs 155-160 as a target price for Prestige." Disclosure: It is possible that we have positions in the stocks discussed and we have recommended them to our clients.