172@29@17@244!~!172@29@0@53!~!|news|business|buy-dalmia-bharat-nalco-shriram-transport-gateway-distriparks-mitessh-thakkar-2318757.html!~!|controller|infinite_scroll_article.php

Network18 Presents

partnered by

  • Galaxy Note20 | 20 Ultra
Moneycontrol
Financial Freedom Offer: Subscribe to Moneycontrol Pro and grab benefits worth ₹15,000/-

Network18 Presents

  • partnered by
  • Galaxy Note20 | 20 Ultra
you are here: HomeNewsBusiness
Last Updated : Jul 05, 2017 05:29 PM IST | Source: CNBC-TV18

Buy Dalmia Bharat, NALCO, Shriram Transport, Gateway Distriparks: Mitessh Thakkar

Mitessh Thakkar of mitesshthakkar.com suggests buying Dalmia Bharat, National Aluminium Company, Shriram Transport Finance and Gateway Distriparks.

Mitessh Thakkar of miteshthacker.com told CNBC-TV18, "I have a buy on Dalmia Bharat with a stop at Rs 2,550 for target of Rs 2,700. National Aluminium Company had a good pricing volume reversal day yesterday. So, that is a buy with a stop at Rs 65 for target of Rs 71."

"The other buy is Shriram Transport Finance where some kind of a short-term trend has started. So I would buy with a stop at Rs 1020, look for target of Rs 1,100 and final buy is a midcap stock, Gateway Distriparks which had a good pricing volume breakout as well. Buy with a stop at Rs 262 for target of Rs 290," he said.

"I have one sell call. It is a conditional sell. If Tech Mahindra starts breaking below Rs 375, that will be some kind of a pivot breakdown, so sell then with a stop at Rs 382 and look for target of Rs 360."

Close

"Raymond to me still is doing Rs 790 to about Rs 695 kind of a range, not much happening over there. From a trading point of view, I don’t think I have a trade there."

"IndusInd Bank is showing good promise on the intraday hourly charts. It is showing some follow up, that is a buy with Rs 1,490, look for Rs 1,550 kind of a target."

"Dalmia Bharat could still be a buy with today’s low as the stop loss and Rs 2,700-2,720 as the next target area."

"Apollo Tyres is something which I like. It is showing momentum after a day of break yesterday, so buy with a stop loss at Rs 251, look for Rs 274 kind of a target and IGL has given some positive signals on the intraday charts. So that is a buy as well. Keep a stop loss at Rs 1,058 and look for Rs 1,110 as the target."
First Published on Jul 5, 2017 10:08 am
Sections