Stay away from North Eastern Carrying Corporation: Prakash Gaba

Prakash Gaba of prakashgaba.com told CNBC-TV18, "North Eastern Carrying Corporation had seen a high of Rs 110. Then it went down to levels closer to Rs 45 and circuits on the way down. When a stock makes a circuit down, do not buy the stock. I would stay out of this stock completely because structurally still looks weak to me. I do not see an any strength."

"We might see bounce. Take advantage of the bounce and exit. But I would not be in the stock. It may bounce closer to Rs 55-57 zones. I do not think it is crossing that. If it goes up might likely to find resistance. I would exit. In fact these are the places where support is there. A bounce could come from these places, but this is not the time to exit. But this is the time to hold on, get an upmove, expansion, out," he said.