HomeNewsBusinessStocksLike Castrol, Idea Cellular; Exide may hit Rs 165: Prakash Gaba

Like Castrol, Idea Cellular; Exide may hit Rs 165: Prakash Gaba

Prakash Gaba of prakashgaba.com likes Castrol India and Idea Cellular and feels that Exide Industries may hit Rs 165 while UPL may test Rs 605.

May 26, 2016 / 10:20 IST
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Prakash Gaba of prakashgaba.com told CNBC-TV18, "Exide Industries is at a new high. Structurally it is positive, the stock has been inching forward. It has also given a breakout after a continuation pattern. So, Exide can climb to levels closer to Rs 165, keep stop loss below Rs 148.""The entire banking pack is looking good, the private banks or the PSU banks. ICICI Bank has given a breakout gap and has also given a breakout at levels closer to Rs 230. So, I would say it is climbing to levels closer to Rs 242-245 zone. It may take a day or two for that. Keep stop loss below Rs 227," he said."Tata Chemicals certainly looking good. After a good consolidation, a breakout gap. It can climb to levels closer to around Rs 448-450 zones. It may take a day or two, keep stop loss below Rs 421.""UPL had a good upmove and a good consolidation and a fresh upmove has started yesterday. So, looks like it is heading to the first target Rs 605, but I am not happy with Rs 605. It could go even beyond that. Keep stop loss below Rs 580," he added."I like Castrol India. Looks like short covering could come in here. Strong support is in the vicinity of Rs 366. On the upside, target could be in the vicinity of Rs 380.""I like Idea Cellular, the stock is looking good. It has given a strong support at Rs 110. The stock can climb to levels closer to Rs 115-118, maybe more, but Rs 118 should be possible."

first published: May 26, 2016 10:10 am

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