HomeNewsBusinessBuy Amara Raja Batteries, Godrej Industries, Jain Irrigation, NCC, Reliance Power: Mitessh Thakkar

Buy Amara Raja Batteries, Godrej Industries, Jain Irrigation, NCC, Reliance Power: Mitessh Thakkar

Mitessh Thakkar of miteshthacker.com recommends buying Amara Raja Batteries, Godrej Industries, Jain Irrigation, NCC and Reliance Power.

April 05, 2017 / 12:30 IST
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Mitessh Thakkar of miteshthacker.com told CNBC-TV18, "I would maintain all buy strategy which is what we have been doing for last few days. The five calls that I have today are a buy on Amara Raja Batteries suggesting fresh signals of an up move. I would buy with a stop loss below Rs 889 for target of Rs 940."

"Godrej Industries made a fresh high, swing breakout, so that is buy with a stop loss at Rs 518 and look for Rs 555 or thereabouts as the target."

"We also had a breakout candlestick pattern on the charts of Jain Irrigation, so that is a buy with a stop loss at Rs 96 and look for target of around Rs 107," he said.

"A bullish price pattern is developing on charts of NCC, so that is also a buy recommendation today. Keep a stop loss below Rs 81.80 and look for target of Rs 88."

"A buy on Reliance Power which has given some kind of consolidation breakout, so buy with a stop loss below Rs 48.50 for target of around Rs 52," he added.

"Titan Company has a very good chart. I somehow missed it in the pre-morning trade, but I think right now also the stock has given a good breakout above the earlier highs of Rs 470. So, keep a stop loss below that and I think Rs 500 should be a good short-term target over here."

first published: Apr 5, 2017 09:15 am

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