HomeNewsBusinessStocksMindtree may test Rs 1540, buy Wockhardt: Simi Bhaumik

Mindtree may test Rs 1540, buy Wockhardt: Simi Bhaumik

Simi Bhaumik of simibhaumik.com is of the view that Mindtree may test Rs 1540 while Titagarh Wagons may hit Rs 146.

January 28, 2016 / 13:13 IST
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Simi Bhaumik of simibhaumik.com told CNBC-TV18, "The first call is on Mindtree. I had given the stock around Rs 1,493 to around Rs 1,490 range and my stop was Rs 1,475 and targets were Rs 1,518 to Rs 1,525. It has already met Rs 1,518, so now my targets would be Rs 1,525 to Rs 1,540. One can buy even at these levels with a stop loss below Rs 1,490, trailing stop loss now would be below Rs 1,490 since it has already met its first target. So, Rs 1,490 would be the trailing stop loss and fresh targets would be Rs 1,525-1,540." "Titagarh Wagons is trading around Rs 138; Rs 144 and Rs 146 would be the next two targets and my stop loss would be same at Rs 134. This stock and Mindtree can be carried till Monday," she said."In Wockhardt I have increased my targets to Rs 1,285 and Rs 1,299. One can buy even at these levels. It is trading around Rs 1,270 now. My stop loss would be below Rs 1,255 and I am going to hold this for next two targets which is Rs 1,285 and Rs 1,299. This stock should be booked by today itself; no need to carry it tomorrow."

first published: Jan 28, 2016 01:12 pm

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