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Buy Havells, Kotak Bank & sell Hindalco, Strides Arcolab, recommends stock analyst Mitessh Thakkar

Updated : June 20, 2019 10:36 AM IST

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 Havells India, Hindalco Industries, Kotak Mahindra Bank and Strides Arcolab.

“I have two buy calls and two sell calls. Havells after giving a pullback appears to have reversed. So take a very tight stop at Rs 776, look for targets of Rs 800. Similar set up is happening on the charts of Kotak Mahindra Bank which I would recommend buying with a stop at Rs 1,485 for targets of Rs 1,522. Two sell calls, Hindalco’s structure is slightly negative. So on a mild pullback, Rs 191-192 would be good levels to go short, keep a stop at Rs 196, look for Rs 183 as the first target and Strides Arcolab had a very big breakdown yesterday below important weekly support pivot. So that is a sell with a stop of Rs 403 for targets of Rs 380,” he said.

Follow stock recommendations by Mitessh Thakkar here: https://www.cnbctv18.com/author/mitessh-thakkar-111/

Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
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