In CNBC-TV18's popular show Bull's Eye, AK Prabhakar, independent advisor shares his trading strategies for the day.
Apar Industries after correcting from Rs 400 has made a very good base formation and now a rally above Rs 400 is possible in the stock. The company manufacturers lubricants, oils and special oil for power transformers.
Shriram Transport Finance Corporation has given a breakout from a triangle pattern after 60 days of consolidation. Now a continuation move is possible in the stock and with commercial vehicle growth picking up, Shriram Transport Corporation will be a major beneficiary.
Mahindra Holidays and Resorts India is a zero debt company from Mahindra Group with 1,72,000 customer base. Hotel industry has been underperforming for the last four to five years. Going forward I expect the industry to outperform.
Jyoti Structures has made a double bottom and a W formation. The stock is poised to target Rs 58 on a technical basis.
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