Buy Bharati Shipyard and Aban Offshore: Ashwani Gujral
Aban Offshore tends to do well and good crude environment so this could move higher.
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| Updated: ET Now spoke to Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, about Aban Offshore and Bharti Shipyard.
On the charts Aban Offshore and Bharti Shipyard?
Aban Offshore tends to do well and good crude environment so this could move higher but I would hesitate to call it a major bull market. It is broadly in this 525-530 to say about 800-850 type of range. So if you gotten around 500-550 you should be tending to looking at booking out if you get another good day or 70-80 bucks closer to 800. Shipyard stocks are looking good. Instead of Bharti Shipyard we like ABG Shipyard quite a bit and out there targets could be closer to 435 and then 500. Bharti you can buy with a stop of about 165 and probably could see targets of 215-220. Really ABG is big one out here that is outperforming all the shipyard stocks.
On the charts Aban Offshore and Bharti Shipyard?
Aban Offshore tends to do well and good crude environment so this could move higher but I would hesitate to call it a major bull market. It is broadly in this 525-530 to say about 800-850 type of range. So if you gotten around 500-550 you should be tending to looking at booking out if you get another good day or 70-80 bucks closer to 800. Shipyard stocks are looking good. Instead of Bharti Shipyard we like ABG Shipyard quite a bit and out there targets could be closer to 435 and then 500. Bharti you can buy with a stop of about 165 and probably could see targets of 215-220. Really ABG is big one out here that is outperforming all the shipyard stocks.
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