Motilal Oswal
  • SENSEX
    NIFTY 50
Motilal Oswal
VIDEOS
Market

Ashish Chaturmohta of Sanctum Wealth recommended a buy on V-Guard, L&T, & Cholamandalam Finance

Updated : June 06, 2019 09:36 AM IST

The latest analysis and commentary by stock market guru Ashish Chaturmohta of Sanctum Wealth Management on what is moving the markets today.

He shared his views and readings on V-Guard Industries, Larsen and Toubro, and Cholamandalam Finance.

Chaturmohta recommended a buy on V-Guard Industries. “Stock is on the verge of a strong breakout on weekly and monthly chart frame. So, Rs 235 would be my trading stop loss and upside I am expecting stock all-time high zone and can target somewhere around Rs 262 kind of levels in next couple of trading sessions,” he said.

“In the capital good basket, Larsen and Toubro (L&T) is showing a very strong traction, “Chaturmohta said. “Last 4-5 days it has been consolidating near its 52 week high, but I think if you look at Rs 1,540-1,545, there is a strong support in the stock. So, keep that as a trading stop loss and upside Rs 1,620-1,630 could be a short term target one can expect in L&T,” he added.

“Cholamandalam Finance after hitting a 52 week high is seeing some consolidation for last three trading sessions. However, on dip around Rs 1,510-1,515 is a good opportunity to initiate a long. Rs 1,510 would be my trading stop loss and upside Rs 1,590-1,600 is a short term target one can expect in Cholamandalam Finance,” Chaturmohta said.

Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV