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Prakash Gaba on November 5: Buy Bajaj Auto and MindTree

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The latest analysis and commentary by stock market guru Prakash Gaba on what is moving the markets today. Check out his top stock recommendations.

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 HDFC Bank, Max Financial, Vedanta, Bank of India, Bajaj Finserv, Maruti Suzuki, Bajaj Auto, and MindTree.
Talking about his picks, Gaba said, "I have two stocks both on the long side. i will start with Bajaj Auto, looks like Bajaj Auto is holding out. the way it is looking like that it can climb to around levels of Rs 2,740 stop below Rs 2,600 on Bajaj Auto should be fine. Maybe today or tomorrow it should go up. I also like MindTree, certainly looking good and the way MindTree is trading looks like it is heading to levels closer to Rs 850, looks like a good base formation here stop below Rs 790 should be fine."
Recommending specific stocks, Gaba said, “I will go with Bajaj Finserv; that looks good. Target on the upside on Bajaj Finserv is Rs 5,800 and put a stop loss below Rs 5,500 and trade long. I also like Maruti Suzuki. It is heading up to levels closer to Rs 7,300 and I do not think it is stopping there, it is going much higher. Stop below Rs 7,060.”
Speaking about the individual stock ideas, Gaba said, “I am going with HDFC Bank. It looks good, good base formation out here. Target on the upside is Rs 1,980 zone and stop below Rs 1,920. The next one is Max Financial. It has seen some good build up out here, possible target on the upside in the vicinity of Rs 433, stop below Rs 390. Vedanta from the metal pack is looking good. A good base formation, the breakout was very good on Friday. Looks like he it is heading to levels closer to Rs 235-240 zones, stop below Rs 220 should be okay. A solitary sell on Bank of India. It looks more of an exhaustion pattern. We can see slide to around Rs 81 zones, stop above Rs 88.”
Follow stock recommendations by Prakash Gaba here:
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