Buy Selan and Hindustan Oil Exploration: Ashwani Gujral
As long as oil does well, these companies tend to do well but Selan is not much of a trend, it is a fairy volatile stock.
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| Updated: Ashwani Gujral, Chief Market Strategist, ashwanigujral.com in an interview with ET Now talks about Selan and HOEC.
Do you think a Selan or an HOEC can move up further from the current levels?
As long as oil does well, these companies tend to do well but Selan is not much of a trend, it is a fairy volatile stock. It does a range generally between 300 and 400. About Hindustan Oil Exploration, support comes in around 165. Generally that tends to tire out around 210-215, these are mid-cap stocks, which tend to run up in good markets, so enjoy them well, they are still going up.
Do you think a Selan or an HOEC can move up further from the current levels?
As long as oil does well, these companies tend to do well but Selan is not much of a trend, it is a fairy volatile stock. It does a range generally between 300 and 400. About Hindustan Oil Exploration, support comes in around 165. Generally that tends to tire out around 210-215, these are mid-cap stocks, which tend to run up in good markets, so enjoy them well, they are still going up.
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