Buy TVS Motor, Voltas, BHEL: Sameet Chavan

Sameet Chavan of Angel Broking told CNBC-TV18, "We would like to stay with the flow, thus we have all buy recommendation. First one would be on TVS Motor Company. After a consolidation of nearly 3 to 4 days around its strong support of Rs 305 -304 today we are seeing a good traction in this counter. This stock is on the verge of giving a breakout from a downwards sloping trendline which is placed around Rs 311. It could be bought with a stop loss of Rs 296 and our immediate target would be around Rs 325." "Our other buy call would be on Voltas, not only with a near-term view, we have a very good positive bias for a medium-term view as well. With a near-term view we have a target of Rs 370 on Voltas and the stop loss would be at Rs 328," he said. "Our third buy call would be on BHEL. This stock has been maintaining its upwards bias since last three to four weeks. After four to five days of consolidation, yesterday we saw a good convincing breakout from a resistance of Rs 145 on a closing basis. Today we are seeing a subdued movement but this could be a very good buying opportunity for a target of Rs 161 and stop loss would be around Rs 140.""Bharat Financial Inclusion has been an outperforming stock not only since last couple of weeks but if you see last six months price action, this stock has given a stupendous rally from the level of Rs 400-450 after breaking its multiyear highs of Rs 588. It is trading in an unchartered territory. There is no major resistance that we can see before Rs 900-940. So, the trend has been quite strong and we may maintain our positive bias on this stock. Fresh buying won't be advisable considering its unfavourable risk to reward ratio. However, those who have bought it at lower level should write this trend by trailing their stop losses higher. Now Rs 840-830 has become a very strong support for Bharat Financial Inclusion."