PNB, Tata Steel look positive: Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, "Momentum continues in Punjab National Bank (PNB). You have to be a bit more patient and you are definitely going to see a good swing coming in here in PNB. The targets will be Rs 131-133 and if you are patient, you can even move up further to Rs 137. Actually from a medium-term point of view, earlier I have given a target of Rs 143. So, those who are taking it as a positional bet can even expect Rs 143 going forward." "Same goes through for Tata Steel. This is the other stock that I have in mind. You put a stop loss below Rs 329 and Rs 337 and Rs 339 are the intraday targets and take it as a swing trade and then Rs 343 on the upside could be there. So, PNB and Tata Steel looks to me quite positive," he said."Indiabulls Housing Finance, to my mind, can actually move up much further from here. So, Rs 747 and Rs 743 are the two immediate targets and you put a stop loss below Rs 718. The kind of chart pattern, intraday as well as especially its daily chart shows a lot of promise. That is why I have chosen Indiabulls Housing Finance.""As of now, Bharat Forge looks like a fundamentally weak counter, but the chart setup suggests that there is a pullback rally to about Rs 763-769 kind of range which is highly likely. So, first target is Rs 757, Rs 763 and then Rs 769 and put a stop loss of Rs 745," he added.