Edserv to face resistance on the upsides till 120 levels: Vijay Bhambwani

In a chat with ET Now, Vijay Bhambwani, Author, CEO, BSPLindia.com (Technical Check) shares his views on various stocks.

ET Now: What is your call on Edserv?

Vijay Bhambwani: For the long term investor, may be there is something on the counter but in the short to medium term there is overhead supply in most of these counters. As far as Edserv is concerned we need to see the stock trading above at least the 120 levels before we could say that overhead supply would be absorbed to a significant degree. Till then the stock would basically face resistance on the upsides.