HomeNewsBusinessStocksJet Airways, Crompton Greaves good bets; buy HPCL: Vishal Malkan

Jet Airways, Crompton Greaves good bets; buy HPCL: Vishal Malkan

Vishal Malkan of malkansview.com is of the view that Jet Airways and Crompton Greaves are good bets and recommends buying HPCL.

January 15, 2016 / 15:40 IST
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Vishal Malkan of malkansview.com told CNBC-TV18, "Jet Airways still looks good and I think the first one to move ahead would be Jet, the strong stocks which are Jet Airways and HPCL because market looks like taking support here, so till the time we don’t get the confirmation but it is safer to go for the strong stocks like Jet Airways and I think there is a lot of room on the upside in this stock on weekly and monthly charts also. So it can be a good bet. For today, I would like to buy for a stop loss of Rs 735 for targets of Rs 795.""Crompton Greaves has a very crucial support at the levels of Rs 175 and which is holding since last three-four days and forming some bullish patterns and divergence. So I think that will be a good bet with a stop loss of Rs 175 for targets of Rs 192," he said."HPCL is moving into new territories in the last couple of months and it is making higher tops and higher bottoms. Momentum has also entered into bullish zone. Hence I recommend a buy with a stop loss of Rs 880 for targets of Rs 930."

first published: Jan 15, 2016 03:00 pm

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