HomeNewsBusinessStocksBuy BHEL, PTC India, GAIL; sell Mindtree: Rakesh Bansal

Buy BHEL, PTC India, GAIL; sell Mindtree: Rakesh Bansal

Rakesh Bansal of RK Global is of the view that one can buy BHEL, PTC India, GAIL India and Jet Airways and sell Mindtree.

July 25, 2016 / 13:53 IST
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Rakesh Bansal of RK Global told CNBC-TV18, "My first call is a buy on BHEL. The technical structure is clearly positive. The stock has made a double bottom at around Rs 135-136 level. This is a buy with a stop loss at Rs 135.50 for a target price of Rs 160.""My second call is a sell on Mindtree futures. Here the technical structure is negative, stock prices are making lower tops, lower bottoms. Moreover on Friday's trading session, we have witnessed a negative crossover on the momentum indicators. Mindtree is a sell with a stop loss of Rs 575 for a target price of Rs 525," he said."My third call is a buy on PTC India. It has made a rounding bottom formation on daily charts at around Rs 78 levels. PTC India is a buy with a stop loss at Rs 77.90 for a target price of Rs 89.""My fourth call is a buy on GAIL India. The stock is moving on an excellent accumulation. Its prices has made a good support at Rs 380 level, the stock is a clear buy, buy on decline kind of stock with a stop loss at Rs 380 for a target price of Rs 435. GAIL is on the edge of a big breakout on big charts above Rs 400 levels. It is better to buy the stock on declines in accumulation phase.""My last call is a buy on Jet Airways. On hourly charts, the technical structure appears positive. On hourly chart, it appears that the stock is likely to demonstrate a good price volume action in next one to two days. Jet Airways is a buy with a stop loss at Rs 558 for a target price of Rs 600."

first published: Jul 25, 2016 01:53 pm

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