Here's what he had to say:
On DCB Bank
DCB Bank is one stock where the long-term charts have turned extremely positive. So, take a slightly deeper stop about ₹143 - ₹142 which is roughly about 17% from here, the way the stock price is broken out of the recent monthly highs, I think good chance that we are looking at ₹200 kind of targets. Good risk reward equation – 12-13, point, kind of a risk against a 50 odd point kind of a profit possibly over the next few months. So that's very positive for me.
Shares of DCB Bank surged 15% on Monday in response to its quarterly results that were reported after market hours on Friday.
The stock added to those gains on Tuesday, ending another 9% higher during the Mahurat trading session.
On Torrent Power
The other stock, which I like, and which can be good from a trading point of view as well. And disclaimer that we have some positions, it's Torrent Power. That's something which the long-term charts are pretty good, and the short-term charts also now turning on the upside. My sense is that the stock in the medium term, I would look at a target of around ₹1,550 but then in longer term, possibly beyond ₹1,700 but in the short term as well, as long as the stock is above ₹1,280, good chance that we could see a first rally to about ₹1,370 and in a good case, ₹1,450 - ₹1,460 on the upside.
Shares of Torrent Power have gained in five out of the last seven trading sessions.
On a year-to-date basis though, the stock has been an underperformer in 2025 so far, declining 11%.
