HomeNewsBusinessStocksSell Amara Raja; buy YES Bank, Bosch, Zee Ent, ICICI Bk: Thakkar
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Sell Amara Raja; buy YES Bank, Bosch, Zee Ent, ICICI Bk: Thakkar

Mitessh Thakkar of miteshthacker.com is of the view that one can sell Amara Raja Batteries and buy YES Bank, Bosch, Zee Entertainment and ICICI Bank.

March 09, 2017 / 09:50 IST
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Mitessh Thakkar of miteshthacker.com told CNBC-TV18, "I have one sell call and four buy calls. The sell is on Amara Raja Batteries which has managed to break below its key support zone of Rs 835-840. So, sell with a stop loss at Rs 846, look for target close to about Rs 800.""Bosch gave a good intraday reversal on the charts yesterday. So if it can sustain above levels of Rs 21,580 or thereabouts, a pullback rally to Rs 22,500 can happen. YES Bank has given a good swing breakout. So, buy with a stop loss at Rs 1,454 for target close to Rs 1,515."

"I also have a buy on Zee Entertainment, which also had a very similar pattern to Bosch. A good intraday set up reversal from support level, buy with a stop loss at Rs 506, look for target of Rs 535. Last one is a buy on ICICI Bank, which after having gone through some correction is close to support zone, so keeping a stop loss below Rs 269, I would buy this one for a bounce back to about Rs 285 levels," he added.

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first published: Mar 9, 2017 09:49 am

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