Buy Gujarat Petronet for target of Rs 160-180: Ventura

MUMBAI: Bharat Gala, senior technical analyst, Ventura Securities has advised traders to buy Gujarat Petronet for target of Rs 160-180.

“For the past six months, Gujarat Petronet has been in an accumulation range of Rs 70-105. Indicators suggest that a break out is in the offing.

Buy the stock once it stays above Rs 103-105 for a few sessions. One can see the stock hitting target price of Rs 160-180. Keep a stoploss of Rs 80-72,” he said.