HomeNewsBusinessStocksSell Ceat, Coal India; buy Century Textiles: Ashwani Gujral

Sell Ceat, Coal India; buy Century Textiles: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com advises selling Ceat and Coal India.

June 19, 2017 / 16:22 IST
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Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Coal India is a sell with a stoploss of Rs 256 and target of Rs 242. It keeps making new lows, so it is probably doing the opposite of what a stock does at new highs. Tyres is looking a little worrying now because it had that news post which it tried to rally and failed to make new highs. So, maybe Ceat is a sell with a stoploss of Rs 1,875 and target of Rs 1,800."
He further added, "Century Textiles is a buy with a stoploss of Rs 1,110 and target of Rs 1,160."
"The kind of stock you want to be in, Motherson Sumi, had a very mild correction. Again 2 percent breakout, so there is a difference between a 2 percent move on Aurobindo Pharma and a 2 percent move on Motherson Sumi. Motherson moves, probably nobody is losing money there, so that seems a bit more consistent," he added.

first published: Jun 19, 2017 03:16 pm

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