Buy Adani Power, Engineers India, Titan: Rakesh Gandhi

In CNBC-TV18's popular show Bull's Eye, Rakesh Gandhi, independent technical analyst shares his trading strategies for the day.

One may buy Adani Power. The stock has been forming a bullish bottom pattern together with higher highs and higher low pattern and rise in volumes. Hence a buy call for a day target of Rs 40.90 and a stoploss of Rs 38.50.

One may buy Engineers India (EIL). The stock has seen a moving average crossover at lower levels indicating that there is a buying interest at Rs 140. I expect the stock to bounce, hence a day target of Rs 167 with a stoploss of Rs 158.

One may buy Titan Company. The stock has seen a good breakout above its neckline of Rs 236 of a double bottom pattern. Recently it has seen some pullback after that breakout indicating that once again the momentum is likely to pick up.