Strong momentum in Jayshree Tea, McLeod Russel: Devang Visaria

Devang Visaria, Chief Strategist, devangvisaria.com analyses tea stocks in a chat with ET Now.

Run us through the targets that we need to watch out for on 2 of the picks that you have buy calls on, one of which are Harrison Malayalam.

Devang Visaria: Harrison Malayalam belongs to the tea basket and for past 2 weeks or so, you are seeing strong momentum coming into the tea stocks like Jayshree Tea from around 310 up to 330 levels, then McLeod Russel from 220 to 255. Harrison Malayalam was in a consolidation phase for the past 3 weeks between levels of 120-135-138 levels and now we have a breakout on this one. So on a one month basis, the stock has potential to get to around 155-160. On an immediate short term level, we had a target of closer to 145-146