Moneycontrol PRO
HomeNewsBusinessBuy Amara Raja Batteries, Godrej Industries may test Rs 595: Mitessh Thakkar

Buy Amara Raja Batteries, Godrej Industries may test Rs 595: Mitessh Thakkar

Mitessh Thakkar of miteshthacker.com advises buying Amara Raja Batteries while he feels that Godrej Industries may test Rs 595.

May 15, 2017 / 11:10 IST

Mitessh Thakkar of miteshthacker.com told CNBC-TV18, "I was looking at Godrej Industries and I have also observed Amara Raja Batteries. I think that has been a recommendation two or three times last week as well. That is clearly showing signs of an uptrend which could possibly extend for a number of weeks to come by. So, I would be a buyer there with a stop at about Rs 910 and looking for Rs 970 as kind of first target."

"Godrej Industries is making a fresh swing high. If you want to trade it with a very strict stop loss, just keep a stop loss below Rs 569 and look for target close to about Rs 595," he said.

first published: May 15, 2017 10:31 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347