Chandan Taparia of Anand Rathi mentions trade on these stocks

There are following stocks  to be bought which are recommended by Anand Rathi Brokerage :

ASHOK LEYLAND : BUY

Target: Rs 112.50

Stop Loss: Rs 104.50

It turned from most important support and now has the possible to head towards its recent high of 113 and even higher levels. The stock grasped a solid surge in the price after hitting a panic low near to 95 zones and exceeded immediate hurdle of 107 levels. It has crossed its 50% retracement zones of the previous fall and now well places to start the fresh rally. One can buy the stock with the stop loss of 104.50 for the upside target of 112.50 levels.

 

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TATA STEEL : BUY

Target: Rs 338

Stop Loss: Rs 318

The stock has be able to  hold the support of 320 near to its 50 day moving average. It has tested high of 337 which is a multiple hurdle of the counter. It has exceeded a falling supply trend line and reason being fresh buying may trigger the stock for higher zones. One can buy the stock on decline with the stop loss of 318 for the immediate target of 338 levels.

 

BHARAT FORGE: BUY

Target: Rs 776

Stop Loss: Rs 728

The stock has managed to negate its weak structure of making lower top – lower bottom and crossed its hurdle of 755 zones. It is turning from oversold territory so may witness a bounce back move and looks attractive in terms of risk – reward ratio. One can buy the stock with stop loss of 728 for the upside target of 776 levels.

 

GAIL : SELL

Target: Rs 366

Stop Loss: Rs 390

It has seen a failure in price with rising trading and open interest activities which also supports a negative sense for a profit booking decline. The stock has not success to surpass its multiple hurdle of 390-394 zones and started to decline with fresh built up of short position.It has also formed multiple tops at supply zones which may attract a decline towards 365 and lower levels. One can sell the stock on a bounce back move with the stop loss of 390 for the downside target of 366 levels.

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  • Akash

    The popularity of Anand Rathi in stock industry is well deserved as pain taken by the firm for his clientele is exhibited clearly through his effort to bring transparency during share evaluation.

  • Sunitha Malhotra

    Anand Rathi does not only propound for buy options but also timely reviews to discard down-trending stocks to release his clients from approaching fall.

  • Raghu

    The best part is every hot lead that comes from Anand Rathi is based out of facts and does not just fire gun in the air. His deliberation towards actual happenings is incredible.