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Last Updated : Jan 15, 2018 04:18 PM IST | Source: CNBC-TV18

Buy HDFC Bank, says Mitessh Thakkar

Mitessh Thakkar of mitesshthakkar.com advises buying HDFC Bank.

CNBC TV18 @moneycontrolcom

Mitessh Thakkar of mitesshthakkar.com told CNBC-TV18, "HDFC Bank is a buy with a stoploss of Rs 1,884 for target of Rs 1,930."

"A midcap stock which is Star Paper, that is a buy, keep a stoploss at Rs 293 for target of Rs 325. The pattern is quite positive. While I have given a trading target of Rs 325, my sense is that this is a stock which is clearly showing signs of medium to long term uptrend. So I think eventually it should head towards Rs 360-375 if somebody was to hold it for about 6-12 weeks and maybe even higher levels there. So I would be quite positive there."

"Prime Focus has had a decline in the last four days, it came to support levels of Rs 115, bounced back strongly. I think it should reiterate its uptrend once it starts getting past Rs 130 and then we can look at target close to about Rs 155."

"I don’t track Tribhovandas Bhimji Zaveri (TBZ) regularly but an early look, what I can see right now is that it peaked out at Rs 145 way back in November 2017 and it has completed what we call as a rounding formation. So if starts getting past Rs 145, the next technical target here should be close to about Rs 170," he added.
First Published on Jan 15, 2018 04:15 pm