The latest analysis and commentary by stock market guru Mitessh Thakkar of mitesshthakkar.com on what is moving the markets today. Check out his top stock recommendations.
He spoke at length about Adani Ports, Petronet LNG, Cummins India, Godrej Consumer Products Ltd (GCPL), Aurobindo Pharma, Power Grid, Dabur.
Stock specific, Thakkar said, “I have all buys. The first one being Adani Ports. There is some kind of continuation happening on the upside. So, it could head towards Rs 432-435. That is a buy with a stop at Rs 409. The next buy Petronet LNG where the indicators are suggesting a good expansion on the upside. Disclaimer I have a personal trade over here so therefore I have interest. It is a buy with a stop at Rs 243 and look for a target close to about Rs 260. Cummins India, there was good candlestick pattern on Friday. So, buy with a stop at Rs 778 and look for targets of Rs 825. Godrej Consumer, good price and volume breakout, should see more upside. The first target being Rs 710, this is a buy with a stop at Rs 675.”
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