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Prakash Gaba on February 4: Buy Hero MotoCorp; Sell Bharti Airtel

Updated : February 04, 2019 01:18 PM IST

The latest analysis and commentary by stock market guru Prakash Gaba on what is moving the markets today.

He also spoke at length on Indraprastha Gas, Reliance Industries, Hero MotoCorp, Bharti Airtel.

“Hero MotoCorp certainly looks good to me. It has seen a good up move on Friday. Today is again a pause. Looks like up move could continue in Hero MotoCorp. Target on the upside is in the vicinity of Rs 3,000 zones or even higher, the first target would be Rs 3,000, stop below Rs 2,700 should be okay. Stock that looks weak I think is Bharti Airtel. It is the Reliance Communication effect coming on Bharti. Looks weak, basic structure weak, sideways consolidation. It is not a consolidation, it looks more of a sideways move coming in. Stop above today’s high, somewhere closer to Rs 312 and a target of Rs 290," Gaba said.

Speaking about his picks Prakash Gaba said, “I like Reliance Industries, certainly looking good to me and it can climb to around levels close to Rs 1,300. Rs 1,275 - 1,300 is the target that I have stop below Rs 1,245. I also like Indraprastha Gas that looks good. It is going beyond Rs 300, give some time and space Rs 310 is possible stop still needs to be below Rs 285.”

Follow stock recommendations by Prakash Gaba here: https://www.cnbctv18.com/author/prakash-gaba-117/

Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.

Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.
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