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HomeNewsBusinessStocksBuy Ashoka Buildcon, IndiGo, Balrampur Chini: Rakesh Bansal

Buy Ashoka Buildcon, IndiGo, Balrampur Chini: Rakesh Bansal

Rakesh Bansal, VP at RK Global advises buying Ashoka Buildcon, Interglobe Aviation, Balrampur Chini and Tata Motors DVR.

November 26, 2015 / 15:14 IST
     
     
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    In CNBC-TV18's popular show Bull's Eye, Rakesh Bansal, VP at RK Global shares trading strategy of the day.My first call is a buy call on Ashoka Buildcon. I have retained my buy side position in this stock from day one. The price volume action is very supportive, trend is very strong, we have seen a positive crossover on the momentum indicator. In yesterday's trading session, the stock has corrected. I feel this correction is likely to be over either on Thursday or Friday. The stock is an excellent buy at current levels. Buy it with stoploss of Rs 172 and target Rs 194.My second call is a buy call on Tata Motors DVR. I have also retained my buy side position in the stock from day one. This stock is showing a positive trend, stock is making higher tops, higher bottoms. In fact after being added into the MSCI index, stock opened with a gap, stock has made a good base at around Rs 285, stock is an excellent buy at current levels with stoploss of Rs 285 and target Rs 311.In yesterday's trading session we have seen a breakout in Balrampur Chini above Rs 76 levels. The trend for the entire sugar space is very strong. We have seen a very good price volume breakout in it in yesterday's trading session. Buy Balrampur Chini with a stoploss of Rs 73.90 and target Rs 84.50.In yesterday's trading session, Interglobe Aviation has resumed its uptrend after two days correction. Stock is an excellent buy at current levels. After getting listed, the stock is continuously making higher tops, higher bottoms. Buy the stock with stoploss of Rs 1,030 and target Rs 1,148.

    first published: Nov 26, 2015 03:14 pm

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