The latest analysis and commentary by stock market guru Prakash Gaba on what is moving the markets today. Check out his top stock recommendations.
He spoke at length about Bharat Electronics (BEL), BEML, Bharat Forge and Tata Motors.
“I will start with BEL, it looks good, good base formation, upmove started yesterday, target on the upside in the vicinity of Rs 92, stop below Rs 87. BEML as well has seen a good upmove right upto Rs 700 zones, into a consolidation, fresh upmove started yesterday, target on the upside Rs 950, stop below Rs 910. I have a sell on Bharat Forge, looks weak, looks like the correction is over on the upside, downmove is starting again, target on the downside Rs 480, stop above Rs 510 and Tata Motors – always a short, looks like it is heading down to levels closer to Rs 162 zones, stop above Rs 171," he said.
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