Manav Chopra of Nirmal Bang Securities recommends buying Apollo Tyres and Gujarat Alkali.
In CNBC-TV18's popular show Bull's Eye, Manav Chopra of Nirmal Bang Securities shares his trading strategies for the day.
One can buy DCW . This stock overall has seen a good rise since past couple of weeks and yesterday it has given a breakout from its short term consolidation pattern on the intraday charts. If you look at the volumes also there has been a sharp rise in volumes in past four to five trading sessions. The momentum is strong and in the near term perspective the stock is likely to see a sharp rise.
One can buy Tata Sponge . The stock has been in a very sideways trends since past couple of months and yesterday it has managed to break decisively the crucial levels of Rs 930 and has managed to close above it which is a positive signal. The breakout has been accompanied by volumes and in the near term perspective the stock is likely to take some momentum as the overall trend is still bullish.
One can buy Gujarat Alkali . This stock has been consolidating since past few months and yesterday it managed to give a decisive close above the important hurdle of Rs 210. We have seen a sharp rise prior to the breakout. It has closed above its short term moving average which is positive signal.
One can buy Apollo Tyres . Yesterday most of the tyre stocks have seen a good outperformance. This stock has also managed to break its important hurdles. The momentum looks good in the stock and we have seen good volume built up happening since last couple of trading sessions. At the current levels if you look at the stock, Rs 205-208 is the strong support clusters.
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