McLeod Russel is a buy: Ashuu Kakkarr, Technical Analyst
McLeod Russel is one of the best picks in the tea sector, probably one could expect a rise closer to 295-300 zone.
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| Ashuu Kakkarr, Technical Analyst, Market Strategist, www.ashuukakkarr.com, in a chat with ET Now talks about tea stocks.
What would you do with a McLeod Russel or some of the other tea stocks?
McLeod Russel is one of the best picks in the sector, probably one could expect a rise closer to 295-300 zone or so. Sut one has to be very careful. Even Tata Global at this point of time looks good to me. But technically again it looks to me a trifle overbought. So one has to be really very careful with the stop losses and then buy these stocks.
Momentum could drive it up over the news flow or liquidity could drive it up but definitely in the short term, you can go and buy it but then stop losses have to be kept so that you do not lose in case of market starts correcting.
What would you do with a McLeod Russel or some of the other tea stocks?
McLeod Russel is one of the best picks in the sector, probably one could expect a rise closer to 295-300 zone or so. Sut one has to be very careful. Even Tata Global at this point of time looks good to me. But technically again it looks to me a trifle overbought. So one has to be really very careful with the stop losses and then buy these stocks.
Momentum could drive it up over the news flow or liquidity could drive it up but definitely in the short term, you can go and buy it but then stop losses have to be kept so that you do not lose in case of market starts correcting.
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