Jan 09, 2017 03:54 PM IST | Source: CNBC-TV18

Buy Biocon above Rs 1020: Mitesh Thacker

Mitesh Thacker of miteshthacker.com is of the view that one may buy Biocon above Rs 1020.

Mitesh Thacker of miteshthacker.com told CNBC-TV18, "The trend remains on the upside and we have seen Biocon make fresh highs. In that sense, I feel the stock for trading purposes will be a slight positive. It has just hits the targets of around Rs 1010-1015 which is where it peaked out in October 2016. So, maybe I would want to see it get past Rs 1020 and then buy it for further targets of around Rs 1060-1070 on the upside."

"So, wait for the stock to get past Rs 1020, keep a stop below Rs 1000 and look for Rs 1070 as the possible target," he said.

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