HomeNewsBusinessStocksBuy Bharat Financial, Sun Pharma; sell Bharti Infratel: Thakkar

Buy Bharat Financial, Sun Pharma; sell Bharti Infratel: Thakkar

Mitessh Thakkar of miteshthacker.com is of the view that one can buy Bharat Financial Inclusion and Sun Pharmaceutical Industries and sell Bharti Infratel.

February 20, 2017 / 09:36 IST
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Mitessh Thakkar of miteshthacker.com told CNBC-TV18, "I have more of buy calls; a buy on Bharat Financial Inclusion with the stop loss at Rs 840 and I would look for target of Rs 915." "Castrol India appears to be making some kind of a statement when the trend appears to be shifted on the medium-term chart on the upside. So, it had a good bullish candlestick break out pattern on Friday. I would buy this with a stop loss at Rs 422 and look for a first target of Rs 455," he said. "Sell call is on Bharti Infratel where we had a bearish candlestick and some negative sell signals on the intraday chart, so that is a sell with a stop loss at Rs 316 for target of Rs 291." "I like Petronet LNG, but I would want to see it get past the earlier closing highs of Rs 403.50. So, buy above Rs 404 and keep a stop loss at Rs 393 and look for target of Rs 430.""Sun Pharmaceutical Industries, again has given signals of reversal in the short-term. So, that is a buy with a stop loss at Rs 664 and look for target of around Rs 705,"he added.

first published: Feb 20, 2017 09:36 am

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