Amit Harchekar of A PLUS Analytics told CNBC-TV18, "GE Shipping has given a breakout after one year of consolidation. There was major resistance which was seen between the zone of Rs 385 and Rs 400 and that has been cleared out with good volumes. So, we are expecting a 10 percent rally in GE Shipping from these levels. We are recommending buy even at current level, maintain stop loss of Rs 385 which earlier turned out to be the breakout point.""Axis Bank has given a reversal from a bullish pennant pattern and we believe this rally could easily take the stock towards zone of around Rs 505-510 in the coming days. So, we would recommend maintaining a stop loss of around Rs 450 and play on the long side," he said. "Third would be going long on Rural Electrification Corporation (REC). REC has found good support around Rs 226-227 and since yesterday it was doji star despite negative opening in this market. We believe the recovery in REC could take the stock all the way beyond Rs 250. So we are also recommending a buy on REC at these levels."
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