Buy Chambal Fert, Gujarat Fluorochem: Sukhani
Sudarshan Sukhani of s2analytics.com feels that one can buy Chambal Fertilisers, Gujarat Fluorochemicals.
Sudarshan Sukhani of s2analytics.com feels that one can buy Chambal Fertilisers, Gujarat Fluorochemicals.
Sukhani told CNBC-TV18, “Chambal Fertilisers' chart is slightly bullish. It made higher lows, which is the first sign of a stock that willing to go up. Chambal is prone to these moves of Rs 15-20 on the upside and downside because it is at its lower range and making some bullish patterns so it could go Rs 15 up and that’s a handsome 20% on it. Chambal seems to be a buying opportunity. Today one could see a breakout, one could see some gains being build on yesterday and for position traders with a proper stop loss which is there, they could get in; maybe they will get 10%.”He further added, “Gujarat Fluorochemicals was one of those concept stocks that could not do wrong but then it fell and became half. It is now building some kind of a base; not enough but at least there is some sense that a bullish pattern is underway. If it rallies today that bullish pattern would get confirmed. The stock itself was a favourite and there is no reason why it cannot come back. So this is an interesting buy. It’s worth taking for the day. One shouldn’t worry that it was a rally yesterday because some time one will see follow-through for one-two days and that could happen. It’s also worth taking a positional trade in.” Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
