Garden Silk Mills may test Rs 40-43: Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, "Garden Silk Mills is not a day trading idea, in fact for day traders, watch out for yesterday’s high of Rs 35.80 because that may once again bring in some supply pressure but what I have recommended is a positional trade. The targets are Rs 40 and Rs 43, meaning that I am expecting these levels to be reached in next seven days or so. I am putting a stop loss at Rs 33 on closing price basis. It is about 4 percent kind of a stop loss."

"These kinds of stocks are not discussed at least on regular basis but Garden Silk Mills from a technical point of view has given a buy signal for a much longer move. Suppose if somebody were to buy it at current level or on a rally or on a dip and expecting levels of Rs 55-57 going forward – that is also pretty much likely because these are indications that you get from charts when big moves tend to happen," he said.