Gaurav Bissa of LKP Securities told CNBC-TV18, "One can buy BHEL. It is forming a bullish flat pattern on daily charts. It is giving out a breakaway Rs 255-260 levels. The stock is trading above the majority of its averages. So, I feel that going ahead position target of Rs 270 can also be possible. However, the momentum based short term targets of Rs 261 can be seen very soon. So, one can buy this stock with a stop loss of Rs 252 and target of Rs 261."
"HDFC has bounced back from Rs 1,240 levels to incremental volumes. Short term average crossover is seen. It is indicating that this short term uptrend might again continue at least for three or four days. It is giving a breakout of about Rs 1,285 levels. Momentum indicators are also pointing upside in this stock. I am targeting Rs 1,310 on this stock and the stop loss can be kept at Rs 1,270," he said.
"One can buy Lupin. Midcap pharma names as a whole are doing quite well. Lupin is just about to come out with this consolidation phase. It has witnessed a significant correction. It has been moving in a narrow range, a short term break out above Rs 1,810 is seen today. So, if it is sustaining Rs 1,810 I feel it can even jump to Rs 1,900 to Rs 1,910 levels also in the next four to five days but a short term target of Rs 1,850 is what I expect. One can buy this stock, the stop loss for the same would be Rs 1,790."
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