Sobha may test Rs 330; sell Tata Chemicals: Prakash Gaba

Prakash Gaba of prakashgaba.com told CNBC-TV18, "I like the basic structure of Sobha. I like the consolidation and the breakout. Looks like Sobha could climb to levels closer to around Rs 330. It may take a day or two, but Rs 330 is on the cards with a stop loss below Rs 305. Even the volumes are good today.""The way Tata Chemicals has moved from Rs 350 to Rs 400, upmove looks more of a reactive upmove. It looks like a sell here. The stock has also given an indicative sell here. Looks like it can slide down to levels closer to around Rs 410 and keep a stop loss above Rs 425. It may take a day for this trade," he said.