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Like DHFL, Tata Global; Biocon may test Rs 1000: Prakash Gaba

Prakash Gaba of prakashgaba.com likes DHFL and Tata Global Beverage and feels that Biocon may test Rs 1000.

August 08, 2016 / 12:26 IST
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Prakash Gaba of prakashgaba.com told CNBC-TV18, "I like Dewan Housing Finance Corporation (DHFL). Certainly it is looking good to me. The way it is trading, looks like it can climb to levels closer to Rs 260 zone. I have seen the good upmove couple of days earlier also and stop loss would be around Rs 244.""The second stock that I like is Tata Global Beverage. It has given a buy today and looks like it should hold. In a positive structure, a fresh buy is here. Tata Global could climb to levels closer to Rs 146, keep stop loss below Rs 138," he said."The basic structure of Biocon is positive, it gave a breakout on July 22 and that time I remember saying that it is going towards Rs 1,000 soon. I still maintain that, thereafter we got some kind of consolidation which was known as the running correction and a fresh breakout has come in today. Looks like it is heading back that to around Rs 1,000 zone, may reach Rs 990-980-999 but looks like Rs 1,000 is on the cards which is the target."

first published: Aug 8, 2016 12:26 pm

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