Buy Power Grid Corporation for target of Rs 180-190: Ventura
Once the stock clears this area it will open up for Rs 154-165-180 levels. Supports are at Rs 102-95-83 levels.
By ET Bureau |
MUMBAI: Bharat Gala, President, Ventura Securities, has advised traders to buy Power Grid Corporation for target of Rs 180-190.
“Since past one year Power Grid Corporation is trading in the area of Rs 95- 120. Surprisingly the trend indicator is showing possible emergence of a very strong uptrend.
The actual breakouts are from Rs 112-113 levels. Once the stock starts trading above these levels for few sessions, it will open up for price target of Rs 180-190.
The intermediate profit booking levels are Rs 129-138-154-165. The stock will face most of the selling in range of Rs 128-138.
Once the stock clears this area it will open up for Rs 154-165-180 levels. Supports are at Rs 102-95-83 levels.
Two consecutive close below Rs 80 negates the above view,” Gala said.
“Since past one year Power Grid Corporation is trading in the area of Rs 95- 120. Surprisingly the trend indicator is showing possible emergence of a very strong uptrend.
The actual breakouts are from Rs 112-113 levels. Once the stock starts trading above these levels for few sessions, it will open up for price target of Rs 180-190.
The intermediate profit booking levels are Rs 129-138-154-165. The stock will face most of the selling in range of Rs 128-138.
Once the stock clears this area it will open up for Rs 154-165-180 levels. Supports are at Rs 102-95-83 levels.
Two consecutive close below Rs 80 negates the above view,” Gala said.
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