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Last Updated : Mar 08, 2017 10:35 AM IST | Source: CNBC-TV18

Above Rs 1085, Bharat Forge may head to Rs 1150: Mitessh Thakkar

Mitessh Thakkar of miteshthacker.com is of the view that above Rs 1085, Bharat Forge may head to Rs 1150.


Mitessh Thakkar of miteshthacker.com told CNBC-TV18, "I think Just Dial is slightly over rated, so I don’t think this is the best time to buy. I think yesterday there was some breakout after 3-4 days of consolidation between Rs 550 to about Rs 525 but Bharat Forge could interest me."

"Bharat Forge could freshly give a breakout. I think the big breakout happens above Rs 1,080-1,085 zone. We have seen about four intraday highs or four times on hourly chart the stock peak out around those levels. So, once it get past levels of Rs 1,085, I think it is definitely heading towards Rs 1,150," he added.

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First Published on Mar 8, 2017 10:34 am
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