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Mitessh Thakkar on March 28: Buy Engineers India, L&T Finance, IDFC & sell Biocon

Updated : March 28, 2019 10:42 AM IST

The latest analysis and commentary by stock market guru Mitessh Thakkar of mitesshthakkar.com on what is moving the markets today.

He shared his views and readings on Biocon, Engineers India, IDFC, L&T Finance Holdings, Reliance Industries, Union Bank, IndusInd Bank, UCO Bank, Andhra Bank, Bank of India, Oriental Bank of Commerce, Punjab National Bank, State Bank of India, Zee Entertainment, HCL Technologies, Shriram Transport Finance, Escorts.

"L&T Finance is a buy with a stop at Rs 148.80 for targets of Rs 158. It has made a fresh breakout. IDFC has a similar pattern. That is a buy with a stop below Rs 44.50 for targets of Rs 50. Also a buy on Engineers India (EIL) where the candlestick pattern yesterday was good. So keep a stop at Rs 113.50 and look for targets of Rs 124. Solitary sell call is on Biocon where it has broken the support of Rs 604-605. So keep a stop at Rs 614 and look for a decline to about levels of Rs 580," Thakkar said.

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

Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

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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