Bull's Eye: Tata Motors, Idea Cellular, Bharti Airtel, Jubilant Foodworks, Bombay Dyeing
Have a look at analysts' views and recommendtion on various stocks:
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| Have a look at analysts' views and recommendtion on various stocks:
Buy Tata Motors with target of 193-195: Mitesh Thacker
Mitesh Thacker: I have been waiting for Tata Motors to get past 180-181 which it did yesterday with a very strong price and volume action. So, this stock is starting an uptrend with a first price target of 193 to about 195. There is a possibility of extension to levels of 205. Buy the stock with a stop at about 178.5.
Buy Bombay Dyeing with target of 200: Ashwani Gujral
Ashwani Gujral: Bombay Dyeing has broken out of a narrow range. So, this stock can be bought with a stop of about 340 and a target of 395.
Buy HDIL at 57-57.5 levels: Mitesh Thacker
Mitesh Thacker: I have a buy on HDIL. It is in a technical pullback which I see on the charts. The stock has corrected from levels of around 95 to 100. The stock has come down from those levels to as low as 54-55. Yesterday, we got some buy signals on the intraday charts and the stock has been extremely oversold on the daily and weekly charts. We might get a stronger than expected pullback rally. So, 65 would be the price target. We buy it at about 57-57.5 and keep a stop at 54.
Buy Idea at 71-73 levels: Mitesh Thacker
Mitesh Thacker: Idea has started a correction and yesterday it managed to close below the 200-day average which is not very positive. However, the stock has already corrected from levels of 100 towards 98 on the upside, down to as low as 80. So, we might see some more trading downside happening. Possibly around 73 to 71 is where good support should come in. Another 6-7% down, we might be looking to buy into Idea.
Buy Jubilant Foodworks with target of 860: Ashwani Gujral
Ashwani Gujral: Jubilant Foodworks is a buy with a stop of about 770 and a target of 860. The action on this stock is confusing to the extent that sometimes it behaves like a defensive. At other times, it behaves like a consumption play. So this is probably the best stock that is holding up in the consumption space. We can call it a defensive enough consumption category.
Bharti Airtel can see 305 levels: Mitesh Thacker
Mitesh Thacker: Bharti Airtel is now very close to reaching the downside targets. I have been calling for declines since levels of 365-370. It has already made a low of about 320 which was the first target. 305 could be tested in case markets become worse in the near future.
Buy Tata Motors with target of 193-195: Mitesh Thacker
Mitesh Thacker: I have been waiting for Tata Motors to get past 180-181 which it did yesterday with a very strong price and volume action. So, this stock is starting an uptrend with a first price target of 193 to about 195. There is a possibility of extension to levels of 205. Buy the stock with a stop at about 178.5.
Buy Bombay Dyeing with target of 200: Ashwani Gujral
Ashwani Gujral: Bombay Dyeing has broken out of a narrow range. So, this stock can be bought with a stop of about 340 and a target of 395.
Buy HDIL at 57-57.5 levels: Mitesh Thacker
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Mitesh Thacker: I have a buy on HDIL. It is in a technical pullback which I see on the charts. The stock has corrected from levels of around 95 to 100. The stock has come down from those levels to as low as 54-55. Yesterday, we got some buy signals on the intraday charts and the stock has been extremely oversold on the daily and weekly charts. We might get a stronger than expected pullback rally. So, 65 would be the price target. We buy it at about 57-57.5 and keep a stop at 54.
Buy Idea at 71-73 levels: Mitesh Thacker
Mitesh Thacker: Idea has started a correction and yesterday it managed to close below the 200-day average which is not very positive. However, the stock has already corrected from levels of 100 towards 98 on the upside, down to as low as 80. So, we might see some more trading downside happening. Possibly around 73 to 71 is where good support should come in. Another 6-7% down, we might be looking to buy into Idea.
Buy Jubilant Foodworks with target of 860: Ashwani Gujral
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Ashwani Gujral: Jubilant Foodworks is a buy with a stop of about 770 and a target of 860. The action on this stock is confusing to the extent that sometimes it behaves like a defensive. At other times, it behaves like a consumption play. So this is probably the best stock that is holding up in the consumption space. We can call it a defensive enough consumption category.
Bharti Airtel can see 305 levels: Mitesh Thacker
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Mitesh Thacker: Bharti Airtel is now very close to reaching the downside targets. I have been calling for declines since levels of 365-370. It has already made a low of about 320 which was the first target. 305 could be tested in case markets become worse in the near future.
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