Bharat Forge doesn't show a trend now: CK Narayan, Sharyans Resources

CK Narayan, President Treasury, Sharyans Resources, in an interview with ET Now, talks about HUL


What is the call on Bharat Forge?

As far as Bharat Forge is concerned, it has been waxing and waning a bit and actually caught within a range. The charts do not speak of any trend mode right now. So I would leave it alone, maybe this news will trigger something but we do not want to really get trapped into knee jerk reactions by the market. Today is a very small raise day with very limited news. So these moves up and down could be somewhat of a knee jerk reaction. If the whole thing sustains into the close, then perhaps one could look to create along maybe in Bharat Forge also but I would advise a stop somewhere around Rs 339 for it.