Sell HCC, says Gautam Vora

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Sell HCC, says Gautam Vora

Sell Hindustan Construction Company (HCC), says Gautam Vora, Director of ULJK securities.

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Excerpts from Midcap Radar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Gautam Vora See what other Experts & Brokerages are saying about Hind Constr See messages about Hind Constr Hind Constr BSE | NSE 10/02/12 Are Mutual Funds betting on Hind Constr?

Sell Hindustan Construction Company (HCC), says Gautam Vora , Director of ULJK securities.

Vora told CNBC-TV18, "On the sell side we like Hindustan Construction Company (HCC). HCC right now is at about Rs 127, the stock has just formed a double top, it is looking like it is going to break the neckline, the stochastics are negative, moving average convergence divergence (MACD) is also negative. So it looks like a good sell. Other real estate stocks are equally vulnerable but this is what I like technically."

Disclosure: I do not have a personal holding in the above stock/sector but may have recommended them to clients.