HomeNewsBusinessStocksBuy Tech Mahindra, Bajaj Auto, Hero Moto, CONCOR: Rakesh Bansal

Buy Tech Mahindra, Bajaj Auto, Hero Moto, CONCOR: Rakesh Bansal

Rakesh Bansal of RK Global recommends buying Tech Mahindra, Bajaj Auto, Hero MotoCorp and Container Corporation of India.

June 20, 2016 / 14:55 IST
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Rakesh Bansal of RK Global told CNBC-TV18, "First call is a buy on Tech Mahindra. We have seen a rounding bottom formation on daily chart, which is technically considered bullish. Buy Tech Mahindra, place a stop loss at Rs 528 for a target price of Rs 575.""Second call is a buy on Bajaj Auto. We are seeing a rounding bottom formation, moreover we have also seen a positive crossover on the momentum indicators. Bajaj Auto is an excellent buy, place a stop loss at Rs 2,550 levels for a target price of Rs 2,685," he said."Third call is a buy on Hero MotoCorp. In today's trading sessions, we are seeing a positive crossover on the momentum indicators and the stock is making higher tops, higher bottoms. Buy Hero Motocorp, place a stop loss below Rs 3,000 for a target price of Rs 3,175.""We have seen a reversal in Container Corporation of India (CONCOR), earlier the stock was making lower tops, lower bottoms on hourly charts. Today for the first time after three-four days, stock prices are making higher tops, higher bottoms. Buy CONCOR, place a stop loss at Rs 1,320 for target price of Rs 1,426," he added.

first published: Jun 20, 2016 02:53 pm

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