HOEC could retest 30-35 levels: Ashwani Gujral
"Since commodities have started coming back, crude has started coming back, crude plays again get set up for 5% to 8% type of move."
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| Updated: Ashwani Gujral, Chief Market Strategist, ashwanigujral.com in an interview with ET Now talks about HOEC.
What is the call on HOEC and GMDC?
Since commodities have started coming back, crude has started coming back, these crude plays again get set up for 5% to 8% type of move. So HOEC after correction back towards 188, chances are it could retest to 30-35, crude keeps moving higher. Stock of the day is UB, that has broken out to fresh highs. So that could get to levels of 750.
What is the call on HOEC and GMDC?
Since commodities have started coming back, crude has started coming back, these crude plays again get set up for 5% to 8% type of move. So HOEC after correction back towards 188, chances are it could retest to 30-35, crude keeps moving higher. Stock of the day is UB, that has broken out to fresh highs. So that could get to levels of 750.
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