Moneycontrol
Jan 10, 2017 09:33 AM IST | Source: CNBC-TV18

Buy Biocon, IDBI Bank, Dishman Pharma, HPCL: Mitesh Thacker

Mitesh Thacker of miteshthacker.com recommends buying Biocon, IDBI Bank, Dishman Pharma and HPCL.

Mitesh Thacker of miteshthacker.com told CNBC-TV18, "Clearly, Biocon continues to show outperformance as well as uptrend. Given a fresh swing break out, now can be bought with a stop loss at Rs 983 for targets of Rs 1,075."

"Godrej Consumer is something which had a good chart pattern on the intraday basis. That is a buy with a stop loss at Rs 1,524, look for targets of Rs 1,580," he said.

"The other one on my list is IDBI Bank, which had a very strong break out and a candlestick pattern yesterday. That is a buy with a stop loss below Rs 72.50, look for targets close to about Rs 78.50."

"Dishman Pharma was another midcap stock, which had a very strong price volume break out. Buy this one with a stop loss at Rs 244 for targets of Rs 272."

"HPCL is showing some continuation signals of uptrend. So now it can be bought fresh with a stop loss at Rs 454 for targets of around Rs 482 is what I advise."

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