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Buy BEML, HCL Tech, Titan, Engineers India; sell Ramco Cements: Mitessh Thakkar

Mitessh Thakkar of mitesshthakkar.com is of the view that one may buy BEML, HCL Technologies, Titan Company and Engineers India and can sell Ramco Cements.

July 24, 2017 / 12:02 IST

Mitessh Thakkar of mitesshthakkar.com told CNBC-TV18, "BEML is a buy, we have seen a strong upmove on Friday and there is some continuation signals. I would buy with a stop of Rs 1,567 for target of Rs 1,640. Buy HCL Technologies with a stop of Rs 878, look for targets close to about Rs 950."

"On the jewellery side, I have Titan Company, it is giving good continuation signals with positive set up, buy with a very tight stop at Rs 534 and look for targets of around Rs 565."

"Engineers India is something which has turned positive over the last few days, good signals and good positive crossovers of indicators are there. So buy with a stop at Rs 160 for target of Rs 175," he said.

"A solitary sell call on The Ramco Cement with a stop at Rs 696, I would suggest selling for targets close to about Rs 640," he added.

"If I was to buy a pharma stock, I wouldn’t mind buying Lupin on a gap up as well. That is one stock which is looking slightly better placed apart from Aurobindo Pharma."

"Apart from HCL Tech, the one stock which interests me is Coal India. That is giving very strong and positive crossovers, so I would be a buyer over there, keep a stop below Rs 257 and look for Rs 280 kind of a target. It is a slow moving stock which might take 5-6 days to reach there but looks like a short-term up move has started."

"Apollo Hospitals has shown good continuation after the Friday’s movement and I would be a buyer there with a stop just below the levels of Rs 1,259 and look for targets close to about Rs 1,325."

"The other stock which I like is Britannia Industries. That is showing a good continuation pattern, so buy with a stop just below about levels of Rs 3,830 and look for Rs 3,940 as the short-term target."

first published: Jul 24, 2017 09:14 am

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