Eveready Industries may move to Rs 360: Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, "Eveready Industries is a great performer up to August, after that it had a fall and then it languished between Rs 300 and Rs 260. Now we need a breakout above Rs 310-320 kind of levels. After that you can expect it to move up to something like Rs 360 where it is 52-week high that is Rs 375 recorded on July 17. As of now, from a technical point of view, I would say that there are no indications that a major breakout is in progress but definitely an uptrend is there but with a very mild variant.""Allcargo Logistics had a good breakout, very strong upswing up to yesterday and my point is that if you have bought it around Rs 375-380 range when the breakout was confirmed, you should continue to hold because it is trading above its 5-day moving average even it has got so much of momentum that it is maintaining above its 3-day moving average. If you adjust for prices, the level that you should watch out as a stoploss should be above Rs 203," he added."From the banking space, still Axis Bank looks good. There is a possibility that once Rs 459 is taken out, it could make a B-line to scale up to something like Rs 463 to about Rs 465. This is one stock that looks good to me.""In Dr Reddy's Laboratories you can still put a stoploss at Rs 3,109 and it could scale up to something like Rs 3,145 to about Rs 3,153 on the upside. This stock after that upmove from the base level still looks good. Any dip should be a buying opportunity now. Of course not for the faint-hearted," he said.