HomeNewsBusinessStocksBuy Bajaj Auto, UPL; HCL Tech may test Rs 815: Prakash Gaba

Buy Bajaj Auto, UPL; HCL Tech may test Rs 815: Prakash Gaba

Prakash Gaba of prakashgaba.com is of the view that one can buy Bajaj Auto and UPL and feels that HCL Tech may test Rs 815.

February 16, 2016 / 10:35 IST
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Prakash Gaba of prakashgaba.com told CNBC-TV18, "Bajaj Auto seems to be a reluctant buy, it is a buy though. I think that the stock actually requires a breakout so I would say if someone is holding long, continue with a stop loss below Rs 2,315. One can also trade long here with a stop loss below Rs 2,315. The target on the upside would be Rs 2,410.""HCL Technologies looks good. Again, there is an aggressive trade out here. I would have ideally waited for a breakout. If the breakout comes at Rs 830, that is the place to go out and buy. The target would be around Rs 815. Still it is an aggressive trade, keep stop loss below Rs 815," he said. "I certainly like UPL, it has given a breakout. The stock is looking good to me. UPL seems to be a better trade. It can climb to levels closer to Rs 425, keep stop below Rs 395."

first published: Feb 16, 2016 10:18 am

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