HomeNewsBusinessStocksBuy Coal India, Idea Cellular; sell MRF: Mitessh Thakkar

Buy Coal India, Idea Cellular; sell MRF: Mitessh Thakkar

According to Mitessh Thakkar of miteshthacker.com, one can buy Coal India and Idea Cellular while one can sell MRF and Page Industries.

February 23, 2017 / 09:43 IST
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Mitessh Thakkar of miteshthacker.com told CNBC-TV18, "I have a buy on Coal India with a stop loss at Rs 321 for targe of Rs 341. The stock gave a good swing break out. Hindustan Unilever (HUL) is doing good sideways consolidation but the break out happens above Rs 869, so I would want to see it gets past Rs 870, buy then with a stop loss at Rs 860, look for target of Rs 895.""Idea Cellular after doing the consolidation for about three weeks now is breaking out. So that is a buy as well, keep a stop loss at Rs 108-107.50, look for Rs 120 as the first target," he said."Two sell calls, the first one is MRF, where we have seen some negative crossovers of indicators. So, sell this with a stop loss at Rs 50,700, look for target close to about Rs 48,000. Page Industries as well broke down in the last hour of the trade yesterday. That is a sell with a stop loss of Rs 14,200 for target close to about Rs 13,000."

first published: Feb 23, 2017 09:43 am

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