Buy Bharti Shipyard with stoploss of Rs 156: India Infoline

MUMBAI: India Infoline has advised traders to buy Bharti Shipyard with stoploss of Rs 156.

���Bharti Shipyard has seen impressive volume in yesterday���s trading session and appears to have taken support between Rs 155-158 range. It could bounce till somewhere between Rs 175-180 levels in the near term. The bullish formation is confirmed after the stock gave a close above its short-term moving averages with positive divergences in momentum oscillators. Any move above Rs 167 could take the stock towards Rs 177 and higher in the short-term. Traders are advised to maintain a stop loss of Rs 156 and go long. Book partial profits around Rs 175 and exit around Rs 180,��� said India Infoline report.

Note: Trading idea valid for 1-3 days.