Mitessh Thakkar of miteshthacker.com said, "I have two buy calls. We saw breakout candlestick pattern in Bharat Forge, buy with a stop at Rs 1,122 for target of Rs 1,190. Century Textiles is a buy - a good candlestick pattern is there ? buy with a stop of Rs 1,144 for target of Rs 1,220."
"Three sell calls, the first of them is JSW Energy, that has given some kind of a negative crossovers on the indicated charts, so it is likely to fall more. Sell with a stop above Rs 64.25, look for Rs 58 as the first target. Karnataka Bank has negative patterns on the charts, I would sell with a stop at Rs 162.50 for target of Rs 150," he added.
"If ITC starts below Rs 300, the next call should be closer to about Rs 280 zone, so we will see some more selling and then around Rs 280 we might see the stock stabilise."
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