Recommend a buy on Bharti Shipyard: Manas Jaiswal, Motilal Oswal Securities Ltd

Manas Jaiswal, AVP, Technical Analyst, Motilal Oswal Securities Ltd, in a chat with ET Now talks about Shipyard stocks.

Shipyard stocks like Bharti, ABG have done fairly well. Do they look attractive, poised for more?

Yeah, we have given buy in Bharati Shipyard. The stock has taken support near 200-day moving average and it made a double bottom on the daily chart and we witnessed good buying interest today. So it should test that January high of around 300-302 in the coming days. Downside one should keep a stop loss of 255-258.