Oct 18, 2016 09:52 AM IST | Source: CNBC-TV18

Sell Lupin; buy DHFL, UPL, GMDC: Mitesh Thacker

According to Mitesh Thacker of miteshthacker.com, one can sell Lupin and buy DHFL, UPL and GMDC.

Mitesh Thacker of miteshthacker.com told CNBC-TV18, "I have two sells on the pharma pack. First one is Lupin, which I would want to sell on the gap up. So around Rs 1,455 would be good levels to go short, keep a stop loss at Rs 1,481 and look for targets of Rs 1,410."

"A conditional short in Ajanta Pharma where the chart structure is weak but it is trading above some kind of a short-term support at Rs 1,890. So if it breaks Rs 1,888-1,885, short this one with a stop loss at about Rs 1,926 for targets of Rs 1,820," he said.

"DHFL has clearly been a stock, which was in news after numbers made a fresh swing high. With good volume set up and good pattern set up, buy with a stop loss at Rs 299 for targets of Rs 322."

"UPL is something where we saw a lot of intraday buy signals happening on the charts yesterday. So that is a short-term buy with a stop loss at Rs 675 for targets of Rs 710."

"Gujarat Mineral Development Corporation (GMDC) has given a gap break out or a continuation gap pattern yesterday, so that is a buy with a stop of Rs 97.50 for targets of Rs 120."

Sections
Follow us on
Available On