Reliance Industries may test Rs 1030, TCS Rs 2600: Prakash Gaba

Prakash Gaba of prakashgaba.com told CNBC-TV18, "Hindalco Industries is nudging buy. It has seen a good base formation. Also has given a breakout at levels closer to Rs 92-92.50. So, I would have a stoploss below Rs 92 since it has given a breakout and targets on the upside is in the vicinity of Rs 96. It may take day or two but Rs 96 seems to be a reasonable level."He further added, "Reliance Industries (RIL) has given a beautiful buy yesterday. The structure is suggestive that there is much more upside in the days to come. It has given a breakout at levels closer to Rs 983 and I would say that have a stoploss somewhere below Rs 980. Target is Rs 1,005, but RIL should be seen from a slightly longer term perspective. Very good chance it can climb to levels closer to Rs 1,020-1,030 in the days to come."Disclosure: Reliance Industries has acquired management control of Network18, which owns TV18 Broadcast and moneycontrol.com."LIC Housing Finance is a classical textbook reversal pattern. It has given a breakout and it looks like it can climb to levels closer to around Rs 480, maybe around Rs 485 in the days to come. I would have a stoploss below Rs 460 and trade long.""Tata Consultancy Services (TCS) looks good as well. It has given a breakout again at levels closer to around Rs 2,530. It is a matter of time, I think it should climb to levels closer to Rs 2,600 plus zones, stoploss below Rs 2,545.""Glenmark Pharma certainly is looking good to me. The way it is trading, it looks like it can climb to levels closer to Rs 900, stoploss below Rs 865. I must disclose that Glenmark is in my investment portfolio.""I also like Jet Airways, very strong support has been there at Rs 645. Today I would have a stoploss somewhere below Rs 650 or so and maybe the stock can climb to levels closer to Rs 675 to maybe Rs 800 in the days to come," he said.