Rakesh Bansal of RK Global told CNBC-TV18, "My first call is a buy on Chennai Petroleum Corporation, the stock has not participated in a decline. It has made a good rounding bottom formation at around Rs 197-198 levels. The risk reward is very favourable in favour of buyers. It is a good technical buy with a stop loss at Rs 197.40 for a target price of Rs 220.""My second call is a buy KEI Industries. The technical structure is very good. We have seen a big breakout on big charts. The stock is trading into uncharted territory. KEI Industries is an excellent technical buy with a stop loss at Rs 118 for a target price of Rs 140," he said. "My third call is a buy Eveready Industries. Eveready is not participating on any declines. The stock has made a good base at around Rs 300, but from the trading perspective, Rs 307 is a good stop loss and a good trading support. One can buy Eveready with a stop loss at Rs 307 for a target price of Rs 325.""My last call is a buy on Rajesh Exports. The stock is not participating on any declines. It is trading near to its all-time highs, the stock is in a process of making a rounding bottom formation at higher levels. Once the stock cracks Rs 733 levels on the upside, we are going to see a big upmove. The best way to trade such pattern is to buy in accumulation. Buy at current level, buy on declines, place a stop loss at Rs 684 for a target price of Rs 792."
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