Buy HPCL, Arvind: Meghana Malkan

Meghana Malkan of malkansview.com told CNBC-TV18, "Hindustan Petroleum Corporation Ltd (HPCL) showed a pretty interesting structure. Having seen that all the timeframes are moving into good zone and the momentum is very good on all the time frames. It is a buy, I would like to keep a stop loss of Rs 716 for higher targets of Rs 747 and Rs 755."

"Arvind looks good. It has bounced from a good support and showed a good bounce in that support and the momentum is taking support at the lower levels. It is a buy with a stop loss of Rs 256 for targets of Rs 273 and Rs 281,"she added.