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 Bharat Electronics Ltd (BEL), Coal India, Bajaj Auto, Eicher Motors, PVR, Balkrishna Industries, and Amara Raja Batteries.
Stock specific, Thakkar said, “Both the sell stocks are two wheeler stocks. Baja Auto has broken a range. So, on a mild pullback of 10-15 points I would short with a stop at Rs 2,925 for targets close to about Rs 2,815. Eicher Motors has been something which has been a weak chart for last many months and it has completed a pullback and looks like the intraday charts are giving a sell again. So, that is a sell with a stop at Rs 20,000 and look for targets around Rs 19,000.”
“I have two buy calls. Bharat Electronics (BEL) is something which I have been liking and that is a buy with a stop at Rs 109 and look for Rs 115 as the target. Coal India which has corrected a bit, back to important support levels, could bounce back. That is a buy with a very tight stop of Rs 252 and look for targets close to about Rs 264,” he added.
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