Hold L&T Finance for long term, says Sukhani

Sudarshan Sukhani, s2analytics.com feels that one can hold L&T Finance for long term.
 
Sukhani told CNBC-TV18, “One should hold L&T Finance, small setbacks we have seen is likely to go places. The chart tells us that a strong upmove is coming. Inspite of what we have already seen much more is coming. Now that takes time, I cannot tell the investor that in five-ten days this will happen but what is the problem. The investor seems to be a long-term investor, has the patience, let one hold, one will see a doubling from current prices.”
 
He further added, “The markets have crossed a threshold of 5,630-5,650, we have talked about it earlier and the very fact that they have broken out above tells us that momentum favors the bulls. So yes, buying is possible. We must understand tomorrow is a holiday and we have F&O expiry, there are risks involved in buying, try to take as many intraday trades as possible and avoid carrying your positions but JP Associate is a buying opportunity.”