Indraprastha Gas, Mahanagar Gas look good to invest says, Mitessh Thakkar

Sep 05 2017 12:32 PM
Indraprastha Gas, Mahanagar Gas look good to invest says, Mitessh Thakkar

Mitessh Thakkar of miteshthacker.com today said that, "I have been liking Kajaria Ceramics for quite some time. I think the stock is on the verge of giving a breakout beyond the key levels of Rs 725-730. It may not happen today, but I think in the next few days it should happen. The pattern is quite positive. Once we get past those levels, I think it will be at all-time high and then I would look at targets close to about Rs 850 over there. So I think quite positive on the overall chart pattern and today with a 2 percent gap up, I would want to see some follow up and possibly close beyond Rs 735 zones."

"Both gas twins, Indraprastha Gas (IGL) and Mahanagar Gas (MGL) look very good to me and that apart Jain Irrigation Systems could be a good idea for the day," he added.

He further added, "I have two buy calls, but I would also like to spend a minute on Ramco Cement. I think it has never had a closing above Rs 730-735 zones and very similar to what I was talking of Kajaria Ceramics, the levels are pretty same and the pattern is also nearly the same. So that could be a big breakout if we get a closing beyond that. In fact I watching the stock very closely right now."

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