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Sudarshan Sukhani on January 7: Buy ICICI Bank, Marico, Reliance Industries

Updated : January 07, 2019 11:31 AM IST

The latest analysis and commentary by stock market guru Sudarshan Sukhani on what is moving the markets today.

He also spoke at length on RBL Bank, UPL, Engineers India, Bata, Balkrishna Industries, ICICI Bank, Marico, Reliance Industries, and Axis Bank.

Talking about his stock ideas Sudarshan Sukhani said, "For today consider buying ICICI Bank, the bank has made a very impressive bullish pattern, textbook bullish pattern and broken out of it so significantly higher levels are ahead. Similarly, Marico an outperformer in the FMCG pack so Marico is a buying opportunity. Finally that big stock Reliance Industries, it has now gone through a mild correction, it is rallying today and it is leading so focus on the long side of the market.”

He also said, “Starting with RBL Bank where a small rally has led to a platform a base on the higher side and a breakout could be coming so RBL Bank is a buy. UPL is a buy similar rally, trading range and an expected breakout from that trading range almost a same pattern. EIL is a buying opportunity. It confirmed a fairly bullish ascending triangle that would be a technical jargon and it is now on way to reaching its objective on the upside, still much more steam left there.”

Follow stock recommendations by Sudarshan Sukhani here: https://www.cnbctv18.com/author/sudarshan-sukhani-159/

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.

Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.
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