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Buy Bharat Forge , Power Grid, Shriram Transport, Zee Entertainment; sell ONGC: Mitessh Thakkar

Mitessh Thakkar of miteshthacker.com suggests buying Bharat Forge , Power Grid, Shriram Transport and Zee Entertainment and advises selling ONGC.

March 29, 2017 / 10:34 IST

Mitessh Thakkar of miteshthacker.com told CNBC-TV18, "I have a buy on Bharat Forge which appears to have completed a pullback. Buy with a stop loss at Rs 1,028 and look for Rs 1,085-1,090 as the first target." 

"The solitary sell call is on ONGC where it has broken key support areas, so sell with a stop loss at Rs 192 and look for target of around Rs 175," he added.

"I also have buy call on Power Grid which has kind of given a short-term or intraday reversal on the upside, so it is a buy with a very tight stop loss at Rs 194 and I would look for target of around Rs 204." 

"Amongst the NBFC stocks, Shriram Transport Finance had a good breakout above the 200 day average, very strong candlestick pattern, so that is a buy with a stop loss at Rs 1,045 and look for target close to about Rs 1,125."

"Finally a buy on Zee Entertainment with a stop "loss at Rs 522 and look for a trading rally to about levels of Rs 550."

"I have been liking Wockhardt in the sense that it has done lot of base building around Rs 680-700 mark. It has not been able to break out on the upside. I think it might head towards Rs 755-760 in the next few days and beyond that the bigger break out happens when the trend can be on the upside on the medium-term basis."

first published: Mar 29, 2017 10:10 am

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