Wednesday, September 16, 2015

Defensive Picks OBC and Vimta Labs

OBC

    OBC is looking very attractive at current valuations with Price/Book ratio of .29. On Charts, it is testing its 8 year trendline. If able to cross again then it can be a good buy to again retest its falling resistance. It is also a good dividend paying bank which is good for portfolio. Just wait for signal :)


OBC


Vimta Labs

Vimta Labs
          Vimta labs has seen a good run up in last 2-3 years. Its retesting previous breakout again. A good entry as per charts can be taken as Risk Reward ratio favours here.


NOTE: Above charts are shared for learning purpose only. This is not any buying/selling tip. Take your investment decisions after doing research yourself.

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