Buy V-Guard, ICICI Pru, IGL, IFB Industries; short Reliance Infra: Sudarshan Sukhani

Sudarshan Sukhani

Technical Analyst | s2analytics.com

• Buy V-Guard, ICICI Pru, IGL, IFB Industries; short Reliance Infra: Sudarshan Sukhani

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Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "V-Guard Industries is a buy. The stock, after the big rally went into a trading range and it is now breaking out. This is a strong outperformer and is breaking out of a consolidation. It is not just a day trading or a swing trading buy. One could take a positional view on this."

"The second stock is ICICI Prudential Life Insurance Company. We had a big bear market decline in the stock bringing it down to Rs 400. The first signs of life are coming. A potentially bullish pattern is in development. We are buying in anticipation of that pattern becoming proven," he said.

"Indraprastha Gas (IGL) is on the verge of making new breakout from a consolidation pattern. It is a buy."

"IFB Industries is in the cash segment and we usually talk about Futures but the stock has made bullish head and shoulder and broken out of it. If you are looking for cash shares, here is a buying opportunity, holding on for a few weeks."