Here's why Mehul Kothari recommends buying Tata Power, Sunteck Realty

According to the technical analyst from Anand Rathi, Suntech Realty is on the verge of breakout; whereas, Tata Power is testing its key support.

BUY

SUNTECK REALTY

TARGET: Rs 540

STOP LOSS: Rs 470

The stock SUNTECK REALTY has been trading in a range of Rs 500 – 430 since past couple of months. At this point in time, the stock is on the verge of breakout from the mentioned range. Post breakout we expect a faster momentum on the upside. Thus, one can accumulate the stock in the range of Rs 500 - 495 with a stop loss of Rs 470 for an upside target of Rs 540 in the coming 2 – 3 weeks.

BUY

TATAPOWER

TARGET: Rs 280

STOP LOSS: Rs 240

In the course of its strong uptrend, TATAPOWER