Buy HDFC on dips
Technical Analyst, Sudarshan Sukhani is of the view that one can buy HDFC on dips. ONGC will never become a momentum stock as such. But for any investor who buys now he/she could be looking at good returns over a year or two-years and it’s a trading stock also, he added.
Sukhani told CNBC-TV18, “ONGC has been a favourite for a long time now. When it was sleeping at that time I think there was a sense that it is going to breakout and it is going to lead and it is slowly doing that obviously. It will never become a momentum stock as such. But for any investor who buys now he/she could be looking at good returns over a year or two-years and it’s a trading stock also.”
He further added, “The same goes for HDFC now for some reason HDFC doesn’t stop at all. So whenever there is a dip, whenever there is an opportunity go and buy that stock.”