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 Britannia Industries, ICICI Prudential Life Insurance Company, Infosys, Larsen and Toubro (L&T), Hexaware Technologies, Hero Motocorp.
“Hexaware Technologies is a buy with a stop below Rs 364 for targets of Rs 390 and Hero Motocorp after a big oversold levels is giving reversal buy with a stop at Rs 2,553 for targets of Rs 2,650.”
“I have three buys to one sell. The sell is on Britannia Industries where the intraday charts yesterday turned negative so keep a very tight stop at Rs 3,076 look for declines toward Rs 2,980. On the buy side I have ICICI Prudential which made a swing resistance breakout so buy with a stop at Rs 353 look for targets of Rs 385. It pack was strong yesterday Infosys is now showing signs of positive expansions that is a buy with a stop at Rs 740 target of Rs 785. L&T is giving some continuation signal. That is a buy with a stop at Rs 1,395 for targets of Rs 1,450.”
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