Wait and watch for HOEC: Ashwani Gujral
HOEC is moving between this Rs 100 and Rs 130 type of zone, so making 8-10% moves is not out of the ordinary. Clearly a significant move will only happen once HOEC crosses 135.
By 
| Updated:
| Updated: Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, in a chat with ET Now, gives his stock recommendation
What are your views on Financial Tech and HOEC?
Today the kind of stocks that have gone up are basically those stocks, which have fallen a lot. Financial Tech has fallen from Rs 900 to Rs 550, so easily a pullback could take it back up to Rs 650-660. Similarly HOEC, again it is moving between this Rs 100 and Rs 130 type of zone, so making 8-10% moves is not out of the ordinary. Clearly a significant move will only happen once HOEC crosses 135.
What are your views on Financial Tech and HOEC?
Today the kind of stocks that have gone up are basically those stocks, which have fallen a lot. Financial Tech has fallen from Rs 900 to Rs 550, so easily a pullback could take it back up to Rs 650-660. Similarly HOEC, again it is moving between this Rs 100 and Rs 130 type of zone, so making 8-10% moves is not out of the ordinary. Clearly a significant move will only happen once HOEC crosses 135.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
Related Articles
When Ashwani Gujral predicted current stock market selloff just a few days agoADVERTISEMENT
