Buy Britannia Industries, Asian Paints: Amit Harchekar

Amit Harchekar of A PLUS Analytics told CNBC-TV18, "My first buy call would be on Britannia Industries. On weekly chart, this stock has completed a bullish flag pattern and since it is trading above crucial resistance of Rs 2,750 we expect this positive momentum to extend towards Rs 3,050-3,100 in the near-term. So, long positions taken at current level would have a stop loss of somewhere around Rs 2,725.""Second recommendation would be buy on Asian Paints. The stock has already formed a bullish cup and handle formation and since the stock has already gone through face of retracement, we expect strong momentum to extend in coming days. On the short-term charts the crucial stop loss would be at around Rs 860. We are expecting the stock to rally towards Rs 920-925," he said.