Buy Punj Lloyd for target of target of 195: APTART
ET Now talks to Sandeep Wagle, Founder & MD, APTART Technical Advisory Services on Punj Lloyd stocks.
By 
|
| ET Now talks to Sandeep Wagle, Founder & MD, APTART Technical Advisory Services on Punj Lloyd stocks.
You have on your buy radar Punj Lloyd, stock that showed a sudden bounce back in Friday's trade. Does the bounce back on Friday look strong to go further?
We had a buy in Punj Lloyd at around 184 in futures and we are playing for a Rs.10 to Rs.12 move. Our target is 195 it is closer to 186-187. I think it will open up at around 188-189 on a decline it can be bought around 186 with a stop loss of 183 target of 195.
Ambuja Cement has also had a very good breakout with good volumes we have a buy in the range of 109 to 108 stop loss of 106 and a target of 116 and Jindal Saw is one stock which we are liking with buy in the range of 212 to 209 stop loss of 5.50 and a target of 225 to 230 all these are possibly 4 to 5 for outer side trading days and 5% to 8% up moves.
You have on your buy radar Punj Lloyd, stock that showed a sudden bounce back in Friday's trade. Does the bounce back on Friday look strong to go further?
We had a buy in Punj Lloyd at around 184 in futures and we are playing for a Rs.10 to Rs.12 move. Our target is 195 it is closer to 186-187. I think it will open up at around 188-189 on a decline it can be bought around 186 with a stop loss of 183 target of 195.
Ambuja Cement has also had a very good breakout with good volumes we have a buy in the range of 109 to 108 stop loss of 106 and a target of 116 and Jindal Saw is one stock which we are liking with buy in the range of 212 to 209 stop loss of 5.50 and a target of 225 to 230 all these are possibly 4 to 5 for outer side trading days and 5% to 8% up moves.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
