Rajat Bose of rajatkbose.com told CNBC-TV18, "I am buying Sun Pharmaceutical Industries with the specific intention that I am expecting a retest of the 200-day exponential moving average which is around Rs 839. The stock is already showing a very good intraday chart pattern which suggests that higher highs and higher lows are forming. So, it is in an uptrend during the day. So, Rs 829, Rs 834 and Rs 839 are the intraday targets for Sun Pharmaceutical and put a stop below Rs 815.50. It looks pretty good in my view.""Bharat Forge has already completed its correction. So, I am actually putting a stop loss at today's low at Rs 774 and I am expecting a pullback rally to at least something like Rs 804-820. But, for the day, it should take Rs 795 and then Rs 804 could be achieved even during the day. As a positional trade, if you carry this trade forward, Rs 820 should be your target on the upside. There should be a good recovery in Bharat Forge because it has shown signs that it has completed its downside correction," he said.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
