Buy MLL and Varun Shipping: Kunal Saraogi

Kunal Saraogi, Technical Analyst, www.equityrush.com in an interview with ET Now discusses Shipping stocks.

Shipping stocks, how are these stocks looking on the charts to you?

I have been bullish on shipping stocks for a while now. If you look at the charts stock that stands out is MLL. If you look at a chart the stock has formed a very very long base for itself before it broke out that is always a very positive sign that means the stock has done its work before it actually broke out. I think these breakouts are going to be sustainable on shipping stocks. My sense is MLL Shipping Corporation as well as Varun Shipping all 3 stocks can be looked at from a buying perspective of course the kind of run that we have seen the stop losses would be bigger and the investor needs to have some kind of a stop loss appetite to be able to get into them now.