Accumulate Gandhi SP Tube for target of Rs 215-220: Ventura
Bharat Gala, President, Ventura Securities has advised investor to accumulate Gandhi SP Tube for target of Rs 215-220.
By ET Bureau |
MUMBAI: Bharat Gala, President, Ventura Securities has advised investor to accumulate Gandhi SP Tube for target of Rs 215-220.
“A pattern breakout was seen in Gandhi SP Tube with required volumes at Rs 114-116 area. The stock is continuously trading above those levels.
Looking at the movement, the stock is absorbing the selling and most likely it will cross Rs 135 in coming days.
With Rs 85-90 as stoploss, the stock should be accumulated for a price target of Rs 215-220.
The stock may turn volatile above Rs 135 with first profit-booking levels at Rs 160-170 area,” Gala said.
“A pattern breakout was seen in Gandhi SP Tube with required volumes at Rs 114-116 area. The stock is continuously trading above those levels.
Looking at the movement, the stock is absorbing the selling and most likely it will cross Rs 135 in coming days.
With Rs 85-90 as stoploss, the stock should be accumulated for a price target of Rs 215-220.
The stock may turn volatile above Rs 135 with first profit-booking levels at Rs 160-170 area,” Gala said.
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