Buy Gujarat Alkali for target of Rs 95-100: Arihant

MUMBAI: Arihant Capital Markets has advised traders to buy Gujarat Alkali for target of Rs 95-100 and keep a stoploss of Rs 72.

���The stock closed at Rs 82.70 on Monday. It has made a 52 week low at Rs 53.10 and 52 week high of Rs 199.90. The 14 days Moving Average of stock is at Rs 74. On the daily charts, the stock is in buy on RSI and its 14-days RSI is currently at 61 (above 50 is consider to be in strong hands). Gujarat Alkali is looking strong on daily chart has formed a trendline breakout on EOD chart. One can buy Gujarat Alkali at Rs. 82.70 with closing below stop loss of Rs 72 for a target price of Rs 95-100,��� the report said.