Sukhani told CNBC-TV18, "It was a very deep correction in Bharat Forge. After that deep correction for the last 10 days it is making a sideways move. It is too early to say whether it has bottomed out, but this is a clear buy on dips or rather try to catch the falling knife's trade. There is no harm, because Bharat Forge by itself is a quality stock, so even if we go wrong it is not going to be a big problem."
He further added, "However, if we are right then we are buying Bharat Forge almost at its lows. The initial short-term chart suggests that a basing pattern is being made and higher levels are coming. It is a very interesting trade, because the risk is low and the potential reward could be very much."
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