Buy Gujarat Flurochemicals, Polaris stocks: Rakesh Gandhi

ET Now spoke to Rakesh Gandhi, Technical Analyst, LKP, on his views on Gujarat Flurochemicals and his IT picks.

What are your views on Gujarat Flurochemicals?

Gujarat Flurochemicals has come out from a huge consolidation since last one year and stock has a potential to reach to a target of around 225 in maybe one month time period and one can buy that with a stop loss of around 175. It has come out today with a good amount of volumes which is indicating a bullishness in the stock.

On the charts any of the IT stocks, particularly the midcaps, do you like anything?

Polaris looks good and it has bounced after crossing the huge resistance that was good formation and breakout at 185 and it has breakout out of that and once again pullback to the level of 191 today.

So it is a good time to buy again and one can buy again for maybe around 10% gain from the current levels.