HomeNewsBusinessStocksBuy Strides Shasun, Torrent Power: Mitesh Thacker

Buy Strides Shasun, Torrent Power: Mitesh Thacker

Mitesh Thacker of miteshthacker.com recommends buying Strides Shasun and Torrent Power.

November 03, 2016 / 11:27 IST
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Mitesh Thacker of miteshthacker.com told CNBC-TV18, "In Hindalco Industries, we haven’t got any follow up of yesterday but I think for me the trend remains on the negative side. We are maintaining our short positions, but on individual stocks two-three long calls look interesting. Strides Shasun has managed to get past the 200-day average, good volume and built up happening over there. This can be bought with a stop loss below Rs 1,060 or 1,058 and I would look at targets close to about Rs 1,125.""The other one is Torrent Power which has kind of outperformed in the falling market, may be some kind of signals of uptrend is over here. So, buy this one with a stop loss below Rs 177 for targets of Rs 190," he added.

first published: Nov 3, 2016 10:58 am

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