BOC India poised for Rs 50-60 upmove: Bharat Gala, Ventura Securities
The trend indicator suggests presence of strong uptrend in the making.
By ET Bureau |
MUMBAI: Bharat Gala, president, Ventura Securities is of the view that BOC India has given an upmove closing above all time high. He expects an upmove of Rs 50-60 in the stock.
“Since the past two months BOC India has been trading in Rs 280-315 area. The stock has given an upmove closing above all time high. Even it has crossed the trend line of June 2010, backed by substantial volume.
The stock is due for a first move of Rs 50-60. Supports are at Rs 294-287-(277-273).
The trend indicator suggests presence of strong uptrend in making,” Gala said.
“Since the past two months BOC India has been trading in Rs 280-315 area. The stock has given an upmove closing above all time high. Even it has crossed the trend line of June 2010, backed by substantial volume.
The stock is due for a first move of Rs 50-60. Supports are at Rs 294-287-(277-273).
The trend indicator suggests presence of strong uptrend in making,” Gala said.
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