Buy JSW Energy, EIL may head to Rs 149: Mitesh Thacker

Mitesh Thacker of miteshthacker.com told CNBC-TV18, "Engineers India (EIL) has been something which has outperformed and has gone into some kind of a pullback. As long as Rs 160-161 is not being crossed, the momentum will not shift on the upside. So, maybe around Rs 157-158, I would look for shorting opportunity if there is one. Keep a stop loss just above Rs 161 and the targets may not be deep but a pullback to Rs 151-149 is what I would look for.""Bharat Electronics (BEL) has moved up slightly higher, try to buy it around Rs 1,480, keep stop loss below Rs 1,460 and look for target of Rs 1,525," he said."JSW Energy is something which had a pullback day yesterday. Now, it can be bought with a stop loss below Rs 62.50 for Rs 70 as the target." "We have had a call on PTC India two days back and then the stock was quiet yesterday. It is not only heading towards the earlier weekly pivot of Rs 85, eventually it will cross that and it still heads towards Rs 100. So it has started a trend, which should extend for next three-four weeks to come by and you might have a pause around that Rs 85-86 mark. But eventually, it is heading towards Rs 100. It is a very strong stock, even at current level or at mild declines of about a rupee and a half, around Rs 81, this would be a good buying opportunity and keep a stop loss below Rs 77."