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Last Updated : Dec 25, 2015 11:07 AM IST | Source: CNBC-TV18

Buy Kitex Garments, says Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com suggests buying Kitex Garments.

 
 
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Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "I don't recommend midcaps often but midcaps will outperform the larger market next year also. That seems to be a very likely scenario. So, why not go and look at attractive midcaps. Kitex Garments have been the same pattern and a very sharp run up. So many of these midcaps have run up in 2015. After that run up it had a very decent correction. The corrections are not deep enough to cause concern but just enough to let off some steam and bring them back to normal or revert to mean."

"Now it is making a base and that base is making a bullish pattern, the shape of a bullish pattern. It has just broken out yesterday and that is good news because it is reaffirming that some kind of an upmove has started."

"Good quality company, good quality charts, a bullish break out. So, we go ahead and buy it. The stock is for position trades which we should hold for a few weeks to really get the benefits out of that investment," he said.



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First Published on Dec 25, 2015 11:07 am
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