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 Forge, Godfrey Philips, Piramal Enterprises, Ujjivan, Wipro, Tata Motors, Tata Motors DVR, Biocon, Vedanta, Ashok Leyland, Cipla, Equitas, ICICI Lombard, Tata Global Beverages.
Speaking about the individual stock ideas, Thakkar said, “Bharat Forge, on the hourly charts, we have some negative signals. So there could be some more correction happening over there. I would look at targets close to about Rs 484-485 and suggest a short with a stop just above Rs 505.50. Godfrey Philips I think the chart on intraday basis improved drastically. So that is a buy with a stop of Rs 1,139 for target of Rs 1,200. Piramal Enterprises, similar setup, intraday charts gives buy. It is a buy with a stop at Rs 2,650 and look for Rs 2,740-2,745 as your target. Buy Ujjivan with a stop at Rs 330 to Rs 350 completes my stock list.”
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