Nov 20, 2012, 07.13 PM | Source: CNBC-TV18
Sudarshan Sukhani, s2analytics.com is of the view that one can buy Bharti Airtel, Idea Cellular. Apollo Hospital can see further upmove.
Sudarshan Sukhani (more)
Technical Analyst, s2analytics.com | Capital Expertise: Equity - Technical
Sukhani told CNBC-TV18, “Bharti Airtel and Idea Cellular have been on my buy list since last week when they were just beginning to move up. There is still more upside there for both of them, because both of them have moved out of significant bullish patterns which had a fairly long length. So when the stock goes into a long pattern and then breaks out it does not stop immediately. So I think there is more upside. You have to time your entry. You just cannot keep on buying when the stock is going up. Wait for a consolidation intraday or some intraday dip, but it is worth buying.”
He further added, “We have been recommending Aurobindo Pharma since it started its bull run. It has doubled itself from then, still has more potential, but perhaps a good idea would be to let it pause, whether that pause comes now or after a month or so. This is for people who want to take positions. Apollo Hospital is just beginning an upmove, so there is momentum here on the upside even for short-term traders.”
"For a very short-term trader the advice would be you stay with Tata Global , but you have to keep a stop loss of Rs 170. So far as the price is above it stay with it and let it ride.”