Chandan Taparia of Anand Rathi Securities told CNBC-TV18, "We are suggesting to go long on LIC Housing Finance. This stock is moving after the consolidation of last seven trading sessions. It is making an attractive price pattern and with rising trading activity, we are expecting this to continue the upside. Here, we are suggesting to go long for the further movement of 5-6 percent on the higher side, keep the stoploss of Rs 420 and play for the upside target of Rs 450 levels."
He further added, "Crompton Greaves is beaten down, turning near the lower bend of the trading range, it is negated the negative trend where it was making the lower top lower bottom formation. It looks attractive in terms of risk reward ratio, that is why we are suggesting to buy with a stoploss near Rs 184 and an upside target of Rs 200."
Disclosure: Analyst has no personal holding in the above stock but he is suggesting to his clients.
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