Mid-Cap Picks with Anil Singhvi: Fine Organic, Deepak Nitrite and Prestige Estates are stocks to buy, says Jay Thakkar
Zee Business Managing Editor Anil Singhvi, in the popular Special Mid-Cap Stocks show, guides investors in making a wise choice while picking stocks and in this exercise a special panel of experts is at hand to provide the logic behind the move.
Zee Business Managing Editor Anil Singhvi, in the popular Special Mid-Cap Stocks show, guides investors in making a wise choice while picking stocks and in this exercise a special panel of experts is at hand to provide the logic behind the move. In the show’s latest episode, the Market Guru talked to equity expert Jay Thakkar and sought his recommendations. Find his picks below:
Long-term pick: Fine Organic Industries Limited
Picking this stock, Thakkar said the company has a very good chart structure and it is a very good time to enter the stock. The stock was currently trading around Rs 2650 and has a bottom support long-term perspective of Rs 2200. He said going forward this stock can achieve an aggressive target of Rs 4,000. Thakkar suggested risk reward ratio is good in this scrip.
Find detail analysis of the coverage in video below:
#SPLMidcapStocks | शॉर्ट टर्म, पोजीशनल और लॉन्ग टर्म में किन मिडकैप शेयरों में बनेगा पैसा? MSFL के जय ठक्कर से जानिए उनकी 3 दमदार मिडकैप PICK#ZBizBazaar #MidcapStocks @AnilSinghvi_ @JayThakkar22 pic.twitter.com/HBdDmsVZSs
— Zee Business (@ZeeBusiness) October 30, 2020
Positional mid-cap pick: Deepak Nitrite
He said Deepak Nitrite has shown very good upward momentum with higher top higher bottom pattern. It is trading around Rs 750 and should be bought at current market price. He said from short term perspective, the stock has shown breakout from double bottom pattern and is trading at lower end of the channel. Thakkar put a stoploss of Rs 675 for this stock and gave a positional target of Rs 925 to Rs 950.
Short-term pick: Prestige Estates
He said this stock should be bought for short term objectives as it has given a good golden crossover and it has taken a support at that level and formed a consolidating triangle pattern on daily chart. He said the stock has started reversing from that level which provides a good risk reward ratio in this stock. He recommended to buy Prestige Estates for a target of Rs 300, keeping a stoploss of Rs 239. The stock was trading around Rs 253 during Friday’s trading session.
See Zee Business Live TV Streaming Below:
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.