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Buy Cadila Healthcare, Indian Bank, ACC, Syngene; sell Petronet LNG: Mitessh Thakkar

17 July, 2017 5:30 AM
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Buy Cadila Healthcare, Indian Bank, ACC, Syngene; sell Petronet LNG: Mitessh Thakkar

According to Mitessh Thakkar of mitesshthakkar.com, one may buy Cadila Healthcare, Indian Bank, ACC and Syngene and can sell Petronet LNG.

Mitessh Thakkar of miteshthacker.com told CNBC-TV18, "I have four buy calls and one sell call. The buy is on Cadila Healthcare where we had a good breakout which is a continuation of the earlier uptrend. So, I would buy with a stop loss at Rs 519, look for targets of around Rs 560. Indian Bank is a buy as well. Some good intraday signals are over there. So buy with a stop at Rs 307, look for Rs 334 kind of a target."

"ACC made a fresh 52-week high and had a good swing breakout. So that is a buy with a stop at Rs 1,730, look for Rs 1,810 kind of a target. Amongst the cash stock, I have a buy on Syngene, which had a very strong and a bullish candlestick pattern. So, buy with a stop at Rs 488 for target of Rs 520," he said.

Also read: Amtek Global to sell UK plants to Liberty group

Source: moneycontrol.com

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