The latest analysis and commentary by stock market guru Mitessh Thakkar on what is moving the markets today. Check out his top stock recommendations.
He spoke at length about ICICI Bank, Reliance Industries Ltd (RIL), Torrent Pharmaceuticals, Apollo Tyres, Bajaj Finance, L&T Finance, Container Corporation of India (CONCOR), Godrej Consumer Products (GCPL).
“I have ICICI Bank, that made a fresh breakout above the earlier highs. So in mild decline of 1-2 points would be a welcome buying opportunity, keep the stop below Rs 380. Rs 400 should be the target. RIL was a recommendation earlier as well but with a fresh swing breakout, I would recommend a buy with a stop at Rs 1,310 for targets of Rs 1,370. Torrent Pharma is a buy as well. Good candlestick pattern yesterday, keep a stop at Rs 1,813, look for targets of Rs 1,895 and also buy on Apollo Tyres with a stop below Rs 222, I would look for targets of around Rs 237 here,” he said.
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