Sudarshan Sukhani of s2analytics.com is of the view that one can buy Bharati Shipyard .
Sukhani told CNBC-TV18, "Technically almost everything is looking nice. So you want to buy Bharati Shipyard, but it's important to understand that I would prefer to stay with the blue chips, the better names. This doesn't mean that Bharti Shipyard is not a good company. The focus should remain on the best of the best. But the trade here is to go long."
He further added, " Indian Hotels is a far better choice when I am comparing it to Bharati Shipyard. Indian Hotels has rallied but it's coming out of a base. Stocks that come out of long bases eventually go much higher and are far more consistent in an uptrend. Indian Hotels is just beginning that, so this is a move that could go longer than we think that here is a stock you want to hold as a position and take a trade on the long side."
Disclosure: I have no personal holding in any the above stocks.
