Moneycontrol
Last Updated : Oct 05, 2016 10:49 AM IST | Source: CNBC-TV18

Buy Pidilite Industries, REC, Tata Motors, HSIL: Mitesh Thacker

Mitesh Thacker of miteshthacker.com is of the view that one can buy Pidilite Industries, REC, Tata Motors and HSIL.

Mitesh Thacker of miteshthacker.com told CNBC-TV18, "With a good focus on midcap, that is where trading momentum is, maybe from trading point of view, I would adopt that strategy. The stocks that I have are buy on Pidilite Industries with a stop loss at Rs 718, targets of Rs 780. It has given some good crossovers of indicators and negated the price pattern."

"Rural Electrification Corporation (REC) made a fresh swing highs, so earlier highs were crossed around Rs 126. So, I would keep a stop loss at Rs 125 and buy for targets of around Rs 138," he said.

"There are some intraday buy signals on Tata Motors. So it is a buy with a stop loss at Rs 542 with a target of Rs 565. I also have a buy on HSIL with a stop loss at Rs 343 for targets of Rs 364."

"NBCC's chart looks excellent. I would buy this one as a slightly positional trade, take a stop loss slightly deep at about Rs 258 and look for targets of Rs 325."
First Published on Oct 5, 2016 10:49 am
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