Book partial profits in Indiabulls

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Book partial profits in Indiabulls

Technical Analyst, Sudarshan Sukhani is of the view that one can book partial profits in Indiabulls Financial Services.

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Excerpts from Your Stocks on CNBC-TV18 Watch the full show » ALSO READ See what other Experts & Brokerages are saying about Indiabulls See messages about Indiabulls Indiabulls BSE | NSE 28/05/12 Are Mutual Funds betting on Indiabulls? Other Stocks in this news Moser Baer (India) |

Technical Analyst, Sudarshan Sukhani is of the view that one can book partial profits in Indiabulls Financial Services .

Sukhani told CNBC-TV18, "Indabulls because of the demerger the charts have got disturbed. So while I can make a sense that yes its making new highs I am not very clear about what its ultimate pattern is, so at this point I am not tracking it anymore. But before its demerger I did feel that atleast some profits are justified, so investors should take partial profits in it."

He further added, " Moser Baer has been moving up, it has doubled from its current levels, it now appears to be doing all the right things. But because there has been sideways and range bound for years altogether it's not my favourite."