Buy Crest Animation on dips: Vijay Bhambwani
"...it makes more sense to buy on dips rather than sell on rallies. This stock may be accumulated by somewhat higher risk appetite traders."
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| Updated: Vijay Bhambwani, Author, CEO, BSPLindia.com, talks to ET Now on various stocks.
What is your call on Crest Animation?
It is appearing like it is making an attempt to bottom out and then rally from here. My first resistance would be at close to 45-46 levels which is where I expect the closer it gets to this level, the more short term traders will want to cash out.
A breakout above the 45-46 levels will actually strengthen the bulls and then give the rally strong legs to move on maybe to the 48 to 50 mark probably and it makes more sense to buy on dips rather than sell on rallies. This stock may be accumulated by somewhat higher risk appetite traders.
What is your call on Crest Animation?
It is appearing like it is making an attempt to bottom out and then rally from here. My first resistance would be at close to 45-46 levels which is where I expect the closer it gets to this level, the more short term traders will want to cash out.
A breakout above the 45-46 levels will actually strengthen the bulls and then give the rally strong legs to move on maybe to the 48 to 50 mark probably and it makes more sense to buy on dips rather than sell on rallies. This stock may be accumulated by somewhat higher risk appetite traders.
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