Buy On Mobile for target of Rs 395: Religare

MUMBAI – Birendrakumar Singh, technical analyst, Religare Securities is of the view that On Mobile has closed above resistance levels after a pull-back. He expects the stock to touch Rs 395 levels.

“On Mobile has been trading lower and was in corrective downward move, the pull back for past two trading sessions has led to a positive close above the crucial resistance of Rs.378.50 levels. Maintain a stop-loss of Rs 370 for long position target of Rs 395 in 4-5 trading sessions,” Singh said.