Sudeep Shah is the Head of Technical and Derivative Research at SBI Securities
Sudeep Shah of SBI Securities recommends buying Laurus Labs for 2025. “Laurus Bas has strongly outperformed the frontline indices for the last couple of weeks. Also, it is currently, trading above its short and long-term moving averages, he said in an interview to Moneycontrol.
Further, he is bullish on Ipca Laboratories, and Triveni Engineering for 2025.
“Ipca Laboratories has formed a strong base near 20-week EMA level and thereafter witnessed a resume its northward journey. The weekly RSI is in a super bullish zone, while Triveni Engineering has given a stage-2 cup pattern breakout on a weekly scale. As the stock is trading near all-time high, all the moving averages and momentum-based indicators are suggesting strong bullish momentum in the stock, said the Head of Technical and Derivative Research at SBI Securities.
However, he is bearish on the Nifty FMCG index.
