Buy Dabur, ONGC, JBF Industries: Pritesh Mehta

Pritesh Mehta of IIFL told CNBC-TV18, "My first recommendation is buy on Dabur. It has given a breakout from a flag pattern on the daily chart after moving on multiple instances. It is placed around Rs 270 as flags has generally continuation pattern in nature. So we are expecting the stock to replicate the upmove it has seen in the first three weeks of April. So buy Dabur for a stop loss of Rs 278 and a target of Rs 302." "Second recommendation is buy on ONGC, after the pressure that we have seen since June 2015 in this counter, this stock is finally showing some signs of bottoming out. When you talk about a stock which is bottoming out, it generally goes through a process of consolidation. It tends to move in a narrow range doing virtually nothing but in last week's trade it has given a breakout from triangle pattern. So, I am expecting some sort of upmove to resume from this week. So, buy for a target of Rs 235," he said."Final recommendation is buy on JBF Industries. It has terrific upmove from Rs 150-210 and thereafter it began a process of consolidation which is in place for last one month, the stock is on the verge of breaking of from consolidation. So, I would like to buy this counter for a target of Rs 34 and a stop loss of Rs 209."