Buy Mount Everest Mineral Water at 68: Vijay Bhambwani

Vijay Bhambwani, Author, CEO, BSPLindia.com, in a chat with ET NOW talks about several stocks.

What is it that you are recommending in trade today?

Buy Mount Everest Mineral Water at 68, hold with a stop loss at 65 and a target of 72. This again is not an intraday one may have to roll it over to the next trading session.

Just want to ask you about this one because typically I have seen you talking about this three or fourth times does it have a tendency of going up to 70-71 and then cooling off a bit so would you advice that may be if it reaches a target of 72 which is book all of your profits and may be wait for a dip to come in again?

Absolutely, historically we have seen in the recent past it goes to 72 levels and then comes down sharply. So then you wait for Rs.4 or Rs.5 declines re-enter the stock again. Keep doing it till that this chain of support and resistance is break either way.