HomeNewsBusinessStocksBuy Engineers India, Tata Global; sell Eicher Motors: Gujral

Buy Engineers India, Tata Global; sell Eicher Motors: Gujral

Mitesh Thacker of miteshthacker.com is of the view that one can buy Engineers India, Tata Global Beverage, HPCL and Federal Bank and sell Eicher Motors.

August 22, 2016 / 11:10 IST
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Mitesh Thacker of miteshthacker.com told CNBC-TV18, "We have a mix of buy and sell calls but mostly the bias is on the buy side. The stock which I would recommend would be a buy on Engineers India with a stop loss at Rs 229, targets of Rs 250.""I also have a buy on Tata Global Beverage, it is a conditional buy, so break out happens above Rs 142 and the price is practically there. So buy it above Rs 142 with a stop loss at Rs 138.50 for targets of Rs 149," he said."I also have a buy on Federal Bank where we have seen some intraday buy signals, buy with a stop loss at Rs 65 for a target of Rs 70.""I have one sell call on Eicher Motors, which has broken down below some contracting patterns. So, sell with a stop loss at about Rs 22,050 and look for targets around Rs 21,200," he added."Final call is a buy on Hindustan Petroleum Corporation (HPCL) with a stop loss at Rs 1,290 for targets of Rs 1,275."

first published: Aug 22, 2016 11:10 am

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