Hind Rectifiers is a buy: Ashwani Gujral, Market Strategist
Railway stocks always have two good months, January and February.
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| Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, in a chat with ET Now talks about railway stocks.
What is your trading idea for the day and now for Monday morning as well?
I have three railway stocks today basically because these stocks always have two good months, January and February. After February, after Railway Budget - whatever comes - they decline and they go back to the same levels where they started. So today is the first day they have moved up on very heavy volume and good price action.
So we buy Hind Rectifiers with a stop of about 69 and a target of 82. These are small targets, they could go up even further.
Texmaco, we buy with a stop of about 45 and a target of 60 is possible here. We can buy Titagarh Wagons with a stop of about 500 and a target of 550 is possible. The other stocks called Kernex Micro and Kalindee Rail, people can also have a look at them.
What is your trading idea for the day and now for Monday morning as well?
I have three railway stocks today basically because these stocks always have two good months, January and February. After February, after Railway Budget - whatever comes - they decline and they go back to the same levels where they started. So today is the first day they have moved up on very heavy volume and good price action.
So we buy Hind Rectifiers with a stop of about 69 and a target of 82. These are small targets, they could go up even further.
Texmaco, we buy with a stop of about 45 and a target of 60 is possible here. We can buy Titagarh Wagons with a stop of about 500 and a target of 550 is possible. The other stocks called Kernex Micro and Kalindee Rail, people can also have a look at them.
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