Avoid buying Relaxo: Ashwani Gujral
"I do not think there is too much value in trying to go into those kinds of stories. I do not think technical analysis makes a lot of sense."
By 
| Updated:
| Updated: Ashwani Gujral, Chief Market Strategist, ashwanigujral.com in an interview with ET Now talks about Relaxo.
What is the call on Relaxo?
I do not think you should go to Relaxo because that is going into cats and dogs. Bata, Jubilant, Titan, they have some kind of quality. From the charts that I have on Relaxo, it does not do a whole lot of volume also. So I do not think there is too much value in trying to go into those kinds of stories. If you still want to do it, above 282 we could find levels of 325 but on a volume of 78 shares, I do not think technical analysis makes a lot of sense.
What is the call on Relaxo?
I do not think you should go to Relaxo because that is going into cats and dogs. Bata, Jubilant, Titan, they have some kind of quality. From the charts that I have on Relaxo, it does not do a whole lot of volume also. So I do not think there is too much value in trying to go into those kinds of stories. If you still want to do it, above 282 we could find levels of 325 but on a volume of 78 shares, I do not think technical analysis makes a lot of sense.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
Related Articles
When Ashwani Gujral predicted current stock market selloff just a few days agoADVERTISEMENT
