May 02, 2013 06:26 PM IST | Source: CNBC-TV18

Buy Havells India, Aurobindo Pharma: Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can buy Havells India.

Sudarshan Sukhani of s2analytics.com is of the view that one can buy Havells India.

Sukhani told CNBC-TV18, "The market is up so today there is no need to go and experiment with a short position. We want to buy Havells India. It has moved out of a consolidation. It was already in an uptrend, so the breakout is a continuation of the existing uptrend. Any breakout has some momentum, may be by today 3.30 PM that momentum should give us some points on the long side."

He further added, "Aurobindo Pharma has made a very attractive bullish breakout, it is an ascending triangle. Such breakouts usually tell us that a significant up move is coming, so it is worthwhile getting in today as this move is just beginning to take shape."

Sections
Follow us on
Available On