HomeNewsBusinessStocksBuy Hindalco Industries, Bharat Forge: Sudarshan Sukhani

Buy Hindalco Industries, Bharat Forge: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com recommends buying Hindalco Industries and Bharat Forge.

March 21, 2016 / 09:35 IST
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Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Hindalco Industries has seen a bullish pattern and a breakout from that pattern, a continuation of the trend, again a consolidation and a breakout from consolidation. So far as the trend is up, we should be buying the trend and therefore I would buy Hindalco again.""We had a variety of buying opportunities today and I thought we should have that menu rather than just focus on a sector. However, I would say that Vedanta and Tata Steel are equally good; it was just a matter of choosing one," he said. "Bharat Forge is giving accumulation patterns and breaking out. It has been accumulating for the last three to four months which is a decent period of time. The stock is now on the verge of a breakout. It is a swing trade, a positional trade, not necessarily for the day but you buy this and hold it for few days, it is rewarding."

first published: Mar 21, 2016 09:34 am

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