Wockhardt may move up, Advanta may hit Rs 527: Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, "After quite a bit of consolidation, Wockhardt has given a breakout yesterday above its 50-day moving average which was at Rs 1,012 and it closed at Rs 1,028. I am expecting the stock to move up strongly because once it breaks out of a range, which it did yesterday, there could be a good move; some 7-10 percent moves are not very unlikely. The kind of movement that Wockhardt generally gives, it calls for large targets. I would say Rs 1,117 to about Rs 1,131 would be the target and put a stop loss below Rs 998; the stock looks pretty good.""Yesterday, Advanta did pretty well. I expect continuation of the upmove, it closed at Rs 496.50. I am putting a stop loss at Rs 480 since the targets I am giving are also pretty stretched. I would say Rs 513 to about Rs 527 are the two initial targets. Advanta can actually do even better but suffice it to say for the day, Rs 513 to about Rs 527 as of now. The second target of Rs 527 could well be met on April 18," he said. "Granules India is another stock that seems to be doing well and it can continue to do well. Yesterday, it posted price volume breakout, now that it is sustaining above Rs 123, I have a feeling that it is headed for Rs 130 or plus levels. So, targets Rs 130 to about Rs 136, Rs 137 to about Rs 139 would be a strong supply zone. I have kept the second target at Rs 136 and the first target is at Rs 130 and put a stop loss below Rs 121, Rs 2 below the Rs 123 critical mark in my understanding." "CESC looks good. The stock has moved up yesterday quite strongly crossing the 200-day exponential moving average also. Probably it will once again try and cross that critical moving average. Buy on any minor decline, put a stop loss below Rs 480. I am asking to buy around between Rs 490 and Rs 485. Put a stop loss at Rs 480 and target would be Rs 510. The level of Rs 510 would be a strong supply zone so I would suggest if today CESC shows a flourish and goes up close to that target, book the profits, don’t take it home," he added.