Moneycontrol Be a Pro
Get App
you are here: HomeNewsBusiness
Last Updated : Jul 17, 2017 12:28 PM IST | Source: CNBC-TV18

Buy Cadila Healthcare, Indian Bank, ACC, Syngene; sell Petronet LNG: Mitessh Thakkar

According to Mitessh Thakkar of mitesshthakkar.com, one may buy Cadila Healthcare, Indian Bank, ACC and Syngene and can sell Petronet LNG.


Mitessh Thakkar of miteshthacker.com told CNBC-TV18, "I have four buy calls and one sell call. The buy is on Cadila Healthcare where we had a good breakout which is a continuation of the earlier uptrend. So, I would buy with a stop loss at Rs 519, look for targets of around Rs 560. Indian Bank is a buy as well. Some good intraday signals are over there. So buy with a stop at Rs 307, look for Rs 334 kind of a target."

"ACC made a fresh 52-week high and had a good swing breakout. So that is a buy with a stop at Rs 1,730, look for Rs 1,810 kind of a target. Amongst the cash stock, I have a buy on Syngene, which had a very strong and a bullish candlestick pattern. So, buy with a stop at Rs 488 for target of Rs 520," he said.

"A solitary sell call on Petronet LNG, which has broken below the key levels of Rs 212, so sell with a stop at Rs 216 and look for declines to about levels of Rs 200," he added.

Close

"I would look to buy into Arvind. The stock is giving a good continuation signal of the move on Friday. I would buy with a stop loss at about Rs 377-376.50 and look for a Rs 390-395 kind of a target very soon. Infosys is trying to capture the 200-day average properly, that could be a good buy, keep a slightly deeper stop loss at Rs 960 and look for Rs 1,015 kind of a target."

"Infosys has moved up slightly, so try to buy it around Rs 978-980 zones, keep a stop loss below Rs 960 and look for Rs 1,015 kind of a target. Other stock which I like is United Breweries, that is a buy with a stop below Rs 809 and Rs 855-860 could be a good range which is the stock can head to in the next few days."

The Great Diwali Discount!
Unlock 75% more savings this festive season. Get Moneycontrol Pro for a year for Rs 289 only.
Coupon code: DIWALI. Offer valid till 10th November, 2019 .
First Published on Jul 17, 2017 11:00 am
Loading...
Sections
Follow us on
Available On
PCI DSS Compliant