Mitessh Thakkar of miteshthacker.com told CNBC-TV18, "I have two buys and one sell. Jain Irrigation has been buzzing for the entire week. My belief is that there is a weekly or medium term trend going on over there. So, even at current level, I would buy with a stop loss at Rs 105 for target of Rs 118-120."
"Tata Power is starting some kind of a move today. That is a buy with a stop loss at Rs 84.50 and look for Rs 92 kind of a target."
"Eicher Motors with the number of the bike sales has gone through a corrective pattern. So it could fall to about levels of Rs 30,000 and now can be sold for short-term, keep a stop at about Rs 31,200."
"In the last three months VIP Industries has moved up from Rs 180 to about Rs 300. My typical idea of investing is when you are taking a position for number of months or few quarters; wait for that customary pullback or dip to happen."
"I think VIP after three months of rally will possible give some kind of pullback on the short to medium term charts and that would be good buying zone. I believe that Rs 260-250 which is roughly about 8-9 percent lower from here would be a good accumulation range and I think Rs 225 should be the stop loss. Eventually, I do expect the stock to make much higher," he said.
"Pincon Spirit's chart has got a very limited history on NSE, so I don’t know whether I can give a five year view but what I observe over here is that the stock since July 2016 has not closed above this Rs 80-85 zone. I think once it manages to get past those levels that will be some kind of medium to slightly longish term kind of a breakout. So, slowly accumulate."
"Buy aggressively once the stocks gets past Rs 85 and once that breakout take place Rs 120-125, it should be your first target which could be achieved then after the breakout in next 9-12 months. So, keep working with that and you can keep taking reviews after every few months," he added.
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