Buy HPCL at 254, target 257-258: Vijay Bhambwani
"I would buy HPCL at 254, stop loss of 251, my target for today would be 257 or 258 or close whichever comes first."
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| Updated: In a chat with ET Now, Vijay Bhambwani, Author, CEO, BSPLindia.com, shares his views about HPCL stock.
What is it that you are recommending in terms of stock specific?
In an illiquid market riddle with the holiday cheer, one needs to be very selective and these stocks can be very fickle in terms of intraday trends but I am chasing high risk alpha here and this buy is actually intraday play not to be carried over to the next day.
I am buying HPCL because crude prices have eased substantially. Therefore I would buy it at 254, stop loss of 251, my target for today would be 257 or 258 or close whichever comes first.
What is it that you are recommending in terms of stock specific?
In an illiquid market riddle with the holiday cheer, one needs to be very selective and these stocks can be very fickle in terms of intraday trends but I am chasing high risk alpha here and this buy is actually intraday play not to be carried over to the next day.
I am buying HPCL because crude prices have eased substantially. Therefore I would buy it at 254, stop loss of 251, my target for today would be 257 or 258 or close whichever comes first.
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