Mid Cap Stocks to Buy with Anil Singhvi: Jay Thakkar bullish on Zomato, TVS Srichakra and Aster DM Health shares—check target price and stoploss
In the latest episode of 'Special Mid Cap Picks', market expert Jay Thakkar told Zee Business Managing Editor Anil Singhvi that he is bullish on Zomato, TVS Srichakra and Aster DM Health in short term, positional and long-term categories.
In the latest episode of 'Special Mid Cap Picks', market expert Jay Thakkar told Zee Business Managing Editor Anil Singhvi that he is bullish on Zomato, TVS Srichakra and Aster DM Health in short term, positional and long-term categories. Speaking with the market guru, Thakkar explained why he thinks investors should buy these scrips for good returns at current market price (CMP).
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Talking about his long-term pick, market expert Thakkar said he has picked Aster DM Health in the long-term category. "I picked this stock for the long term as the stock has given a very strong base reversal breakout with good volume. In the counter, momentum is clearly in favour of bulls. It also offers good risk-reward ratio. The stock should be bought for a target of Rs 344 with a stoploss of Rs 180," said Thakkar.
शॉर्ट टर्म, पोजीशनल और लॉन्ग टर्म के लिए जय ठक्कर के 3 बेहतरीन मिडकैप स्टॉक्स
Positional- TVS Srichakra
— Zee Business (@ZeeBusiness) September 3, 2021
For positional pick, the market expert recommended TVS Srichakra. He said recent correction in the share could be seen as buying opportunities. Overall chart pattern, including positional set up, suggests good uptrend for this counter. There will be two targets for this share. First target for TVS Srichakra is Rs 2900 and second target would be Rs 3200. The stoploss is Rs 1700. I believe the recent dip in share price of this stock where it tested 200 DMA is good with risk-reward ratio to buy the shares positionally."
Thakkar said his third and short-term pick is recently listed new-age company Zomato. "It is currently trading around Rs 142, but it has given a very good breakout from technical structure recently. It has given breakout from falling channel of 25 to 30 points range after listing. This hints at a good up move from here. There will be two targets for this scrip too—Rs 165 and Rs 175. The stoploss is Rs 130. It is offering targets of Rs 25 to 30, while stoploss is Rs 12 to Rs 13, offering a good risk-reward here too," concluded Thakkar
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