Enter Asahi Songwon Colors between Rs 275-300: Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, "Asahi Songwon is already in an uptrend and advanced quite a bit. It has seen quite a bit of appreciation. So my suggestion is that wait for a decline and the two key moving averages, 300-day and the 89-day are located between Rs 300 and Rs 275. This is the range to enter this stock."

"In that case, the risk will be much less and the upside potential would be quite good. And going forward, this stock is likely to remain in the uptrend barring such corrections that I am anticipating," he added.