Buy Vedanta, sell Asian Paints: Mitessh Thakkar

Name: Buy Vedanta, sell Asian Paints: Mitessh Thakkar
Uploaded: 2018-02-23T14:15:06+05:30
Description: Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Vedanta and sell Asian Paints.

Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Vedanta and sell Asian Paints.

CNBC-TV18

February 23, 2018 / 14:17 IST

Mitessh Thakkar of mitesshthakkar.com told CNBC-TV18, "Vedanta is a buy with a stop loss at Rs 330 for target of Rs 350. The intraday charts are quite positive and Rs 330 was an important hurdle."

"Asian Paints is sell, in fact it is not really participating in today’s up move. It has been underperforming in the last few days. If the stock breaks Rs 1,102 or Rs 1,103, I think that will be a good swing and swing pivot breakdown. Below that sell it, keep a stop loss at Rs 1,120 a tight stop of about 1.5 percent and look for declines to about Rs 1,065."

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CNBC-TV18

first published: Feb 23, 2018 02:15 pm

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