Wednesday 15 October 2008

Buy Larsen, says Bhambwani

Technical Analyst, Vijay Bhambwani is of the view that one can buy Larsen and Toubro, L&T with a long term perspective.

Bhambwani told CNBC-TV, "I would give L&T Rs 800 to Rs 820 levels before I start buying again. Long term investors are seeing that the weekly charts are getting into oversold zone, so if one is looking at a 6 quarter�s time frame then he/she should buy now, but if you are a trader then wait and watch even at these levels."

Disclosure: It is safe to assume that analyst & his clients may have an investment Interest in the stocks/sectors discussed.

Source: Moneycontrol

Posted by Harsh at 17:02

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)
DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.