Buy IGL, Century Textiles, Crompton Greaves: Rahul Mohindar

Rahul Mohindar of viratechindia.com told CNBC-TV18, "Indraprastha Gas (IGL) is a stock which exhibited a lot of volume last week and just to put that into perspective, last week’s total volumes were probably the second highest we saw in the entire year. So, I think it is important point to note that last week was not just a price breakout of any ordinary types, it was with really high volumes and factoring that all in we have got most of the indicators technically as positive and we are really looking at short-term target of Rs 540. However, if you are willing to hold the stock, we are looking at a lot more. So, with a Rs 504 stoploss, I would recommend buying IGL at current levels for that Rs 540 target.""The second stock which I like is Century Textiles. We have seen a major correction over the last few months on this stock. And despite the correction, we have held that 200-day moving average, still well intact, we are well above it. So, shorter-term, Rs 605 being a target I would recommend buying Century Textile with a stoploss of Rs 574, so even at current levels, it is worth it," he added."The last four or five days for Crompton Greaves has been very range bound and it is a bit of a consolidation. When you look at the entire volume setup, Rs 183 is a very good stoploss to be buying into Crompton Greaves. We think Rs 205 is the new high that it would achieve in the very recent few days. However, longer term we are much more positive on the stock," he said.