Thakkar's suggestion; Buy Apollo Tyres, Indiabulls Housing, UPL

Mitessh Thakkar of miteshthacker.com on Wednesday said, "Apollo Tyres was buzzing nicely with good pricing volume action. It is a buy with a stop of Rs 258 and look for target of Rs 285. I would want to be aggressive once we get past Rs 266 levels. The second stock on my list is Indiabulls Housing. It was a stock which I had covered yesterday as well, good reaction with the results, fresh swing high, so buy with a stop at Rs 1,170, look for Rs 1,265 kind of a target."

"The solitary sell call, which I have is Ramco Cements, slightly illiquid but the stock is clearly breaking below key levels and a negative chart structure is what I can observe. So I would sell with a stop at Rs 688 for target of Rs 625."

"Two more buy calls, UPL is a swing breakout buy, keep a stop at Rs 864, look for target of Rs 925 and Chennai Petroleum had a good candlestick pattern. So I would buy that with a stop at Rs 389 for target of Rs 416," he added.

 

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