Three stocks Ajit Mishra is bullish on: Buy Bata India, Berger Paints

Berger Paints after the recent up move has been consolidating in a narrow range around its record high

Apollo Tyres

Recommendation: Buy

Last Close: Rs 235.75

Initiation range: Rs 233-235

Target: Rs 254

Stop loss: Rs 225

We are seeing fresh traction in tyre stocks and Apollo Tyre also looks set to reverse the trend. It has been consolidating in a range for the last four months while holding firmly above the support zone of medium term moving average (100 EMA) on the daily chart. Indications are in the favor of breakout in near future. We thus recommend creating fresh longs in the given range.

Berger Paints

Recommendation: Buy

Last Close: Rs 837.65

Initiation range: Rs 835-840

Target: Rs 885

Stop loss: Rs 815

Berger Paints after the recent up move