Buy ESS DEE Aluminium, PVR: Kunal Bothra

Kunal Bothra of LKP Securities told CNBC-TV18, "ESS DEE Aluminium and PVR are standard buys. In terms of chart patterns, if you look at ESS DEE Aluminium, it is forming a bullish pennants formation. If you look at the history of the last one year, the stock had a major correction at the start of 2015 but managed to come back once again and is trading above 200-day moving average also. Looking at the chart pattern, I feel that this bullish pennant formation has target which could be Rs 415-420 zone. At this point in time since the stock has given a breakout today, I believe it is a good buy from trading perspective, keep a stop loss of Rs 355." "I have a buy on PVR. It is an interesting stock because today you are seeing the first signs of volume accompanying a price breakout. Over the last couple of weeks the stock has been more or less trading in a range and from a very short-term basis if the breakout pans out over the next couple of days then I could look at Rs 960 or Rs 1,000. Keep a stop loss of Rs 820 on the trade," he said.