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 CESC, Pidilite Industries, ABB India and Wockhardt.
“I have three buy calls and one sell call. CESC – the overall indicator set up is positive. I would buy with a stop at Rs 722 for targets of Rs 755. Pidilite was a recommendation yesterday as well. Even at current levels, I believe that the upsides could be to the levels of Rs 1,220, I recommend longs here with a stop of Rs 1,153. My third buy call is a cash stock, ABB. It is a good bullish and a breakout candlestick pattern yesterday. So keep a stop at Rs 1,270, look for targets of Rs 1,350. Solitary sell call is on Wockhardt, where the intraday charts are suggesting a sell, keep a stop at Rs 435.50, look for targets of Rs 412,” he said.
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