Sell Bombay Dyeing; Stop loss at 356: Vijay Bhambwani
"...short Bombay Dyeing because it is showing weak relative strength as compared to the broader markets. I would short it at approximately 352 levels, stop 356."
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| Updated: In a chat with ET Now, Vijay Bhambwani, Author, CEO, BSPLindia.com shares his views on Bombay Dyeing stock.
What would you be recommending this morning?
I would short Bombay Dyeing because it is showing weak relative strength as compared to the broader markets. I would short it at approximately 352 levels, stop 356. My target for the counter would be at 346 or close whichever is earlier. This trade is not to be carried over to the next trading session.
What would you be recommending this morning?
I would short Bombay Dyeing because it is showing weak relative strength as compared to the broader markets. I would short it at approximately 352 levels, stop 356. My target for the counter would be at 346 or close whichever is earlier. This trade is not to be carried over to the next trading session.
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