Buy MRF Ltd: Ashwani Gujral
MRF is at all time high and it can go much higher. The next targets on this could be closer to 11200. You can now keep a stop of about 10,400.
By 
| Updated:
| Updated: Ashwani Gujral, Fund Manager, Ashwanigujral.com in a chat with ET Now gives his views on Tyre stocks
How do the charts look for Tyre companies?
Apollo has been trading in the range of 50 and 85. I would like this to trade past 85 before I assume that a breakout is coming. On the other hand, stocks like MRF are not the most liquid for trading. But MRF looks better as a stock than does Apollo.
It is at all time high and it can go much higher. The next targets on this could be closer to 11200. You can now keep a stop of about 10,400.
How do the charts look for Tyre companies?
Apollo has been trading in the range of 50 and 85. I would like this to trade past 85 before I assume that a breakout is coming. On the other hand, stocks like MRF are not the most liquid for trading. But MRF looks better as a stock than does Apollo.
It is at all time high and it can go much higher. The next targets on this could be closer to 11200. You can now keep a stop of about 10,400.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
Related Articles
When Ashwani Gujral predicted current stock market selloff just a few days agoADVERTISEMENT
