Moneycontrol
Tune in on 17th July for the Small Business Virtual Summit with Cisco. Register now!
Last Updated : Sep 23, 2016 10:28 AM IST | Source: CNBC-TV18

Buy Godrej Industries, OBC, ABG Shipyard: Mitesh Thacker

Mitesh Thacker of miteshthacker.com is of the view that one may buy Oriental Bank of Commerce, ABG Shipyard and Godrej Industries.

Mitesh Thacker of miteshthacker.com told CNBC-TV18, "In Oriental Bank of Commerce (OBC) I would look at targets of around Rs 138 and would recommend a buy with a stoploss at Rs 126."

"On the midcap names, I also have buy on Godrej Industries where some kind of intraday buy signals are being witnessed. So, recommend a buy with a stoploss at Rs 420 for targets of Rs 445," he added.

"I don’t generally cover ABG Shipyard on a regular basis but the situation here is that all the three timeframe charts which is the short, medium and a longer terms are oversold and is trying to get a reversal. These situations to me, call for stronger reversals, so recommend a buy here with a stoploss at Rs 30 for targets of around Rs 35 to begin with though I suspect eventually the stock could be much more surely is the rebound from the big decline which it has seen," he said.
First Published on Sep 23, 2016 10:28 am
Sections