2 safe bets from Kunal Bothra in Samvat 2079

“I have been bullish on the Devyani International stock even previously. I have been mentioning that Rs 175-180 is a zone of accumulation for Devyani International. Keeping that as the same zone where one could look to buy the stock, I would expect the stock to rally to Rs 240,” says Kunal Bothra, kunalbothra.co.in.

Which are the stocks that you think are a safe bet for the coming Samvat?
Coming out with multibaggers in a market which is moving extremely gung-ho even in the short timeframe becomes a bit of a difficult task but there are two stocks which I would want to highlight.

One of them is Aegis Logistics. That stock is looking very attractive on the charts. It is heading towards a classical pennant formation more formed on the monthly timeframe.

Once the breakout happens and whenever it happens for the stock price above the Rs 305-310 mark, that could be a big breakout of almost 20% further from those levels. So I would suggest a buy on Aegis Logistics with a target of Rs 370 and a stop loss of Rs 250.

The second bet would be Devyani International. I have been bullish on this stock and even previously, I have been mentioning that Rs 175-180 is a zone of accumulation for Devyani International.

So keeping that as the same zone where one could look to buy the stock, I would expect the stock to rally to Rs 240. The stop loss for this trade could be kept at just below the Rs 170 mark.