Keep Rs 55 stoploss in Spice Comm: Bhambwani

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Keep Rs 55 stoploss in Spice Comm: Bhambwani

Technical Analyst, Vijay Bhambwani is of the view that one can keep Rs 55 stoploss in Spice Comm. As long as it remains above Rs 55 the short-term momentum remains intact. As far as selling is concerned, it’s a sell even now.

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Excerpts from Your Stocks on CNBC-TV18 Watch the full show » RELATED NEWS Exit Spice Comm: V Sharma Keep Rs 45 stoploss in Spice Comm: Mathew Spice Communications advances 25% ALSO READ See previous views by Vijay Bhambwani See what other Experts & Brokerages are saying about Spice Comm See messages about Spice Comm Spice Comm BSE | NSE 01/01/70 Are Mutual Funds betting on Spice Comm?

Technical Analyst, Vijay Bhambwani is of the view that one can keep Rs 55 stoploss in Spice Comm .

Bhambwani told CNBC-TV18, "As long as Spice Comm remains above Rs 55 the short-term momentum remains intact and that itself would be a stoploss. As far as selling is concerned, I think it's a sell even now. Right now, the markets are actually favouring you by seeing such a big upmove on Friday and today, utilize it as an exit opportunity and take your money home."

Disclosure: Analysts clients may have Balrampur Chini.