Can look for a target of 60 on Rohi Ferro: Visaria, devangvisaria.com

Devang Visaria, Chief Strategist, devangvisaria.com, in a chat with ET Now talks about Rohit Ferro.

What is your take on Rohit Ferro?

Rohit Ferro made a very strong move to around 60 levels in the month of April. Since then, the stock has been in a downtrend and this downtrend has been accompanied with very low volumes. Right now, we are seeing some pullback rally and possibly beginning of a new uptrend also on this one. Volumes have also picked up over the last three or four trading sessions. We are recommending a long with a stop of around 45.5 or 46.5 and you could possibly look for targets of 56 and possibly even 60 levels on this one.