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Buy GSFC, Jain Irrigation Systems, Coal India; sell Tata Chemicals: Mitessh Thakkar

Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy GSFC, Jain Irrigation Systems and Coal India and sell Tata Chemicals.

September 06, 2017 / 11:03 IST

Mitessh Thakkar of mitesshthakkar.com told CNBC-TV18, "GSFC is a buy with a stop loss below Rs 145 for targets of around Rs 155."

"Jain Irrigation Systems is something which had a very strong breakout yesterday, it has a good candle stick pattern and we did cover the stock yesterday as well. Today’s weakness could be a good entry point, so buy with a stop loss just below Rs 100, look for Rs 110-112 kind of a target."

"Third buy is on Titan Company where we are seeing some continuation signals, it is being in an uptrend, so it should extend the uptrend most logically, buy with a stop loss at Rs 619, look for target of Rs 680," he said.

"Finally Coal India appears to be giving some kind of a reversal with the breakout yesterday, so I would want to buy it around Rs 253-252 mark, keep a stop loss below Rs 248 and look for a first target of Rs 264."

"A solitary sell idea on Tata Chemicals with a stop loss at Rs 585, recommend selling this for targets close to Rs 550," he added.

first published: Sep 6, 2017 11:00 am

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