RCF looks a good stock: Hemen Kapadia

Is there anything that interests you amongst the list of stocks? What is your take on the fertiliser space?

Yes I think from the stocks that your researchers came up with I think Maithan Alloys looks good. It has been rounding bottom for the last eight months. So I think this would be more of a medium term call not a short term call.

Spicejet is not very exciting as there is a virtual roadblock at 64. I know this is pretty far off but Bartronics from a longer term point of view yes. It is a very interesting stock that could give you great returns but one it is not broken out yet so may be couple of months down the line they would be interesting.

I am recommending RCF because one we are in a long term uptrend, two most of the mechanical indicators are in buying mode whether it’s a weekly chart or the monthly chart yes and we are also on a triangle on the weekly chart. Plus it is set to give a fifth wave which is on the verge of opening up on the upside. So I think RCF looks great from a may be four to six week point of view or may be longer.