Gammon Infra looks very encouraging: Rajat Bose

In a chat with ET Now, Rajat Bose, rajatkbose.com (Technical Check), shares his views on various stocks.

ET Now: What is your call on Gammon Infra?

Rajat Bose: I would say Gammon Infra is very encouraging because in the recent past 12.85 to about 13 has been holding back. In the last few sessions, Gammon tried to cross for three consecutive sessions. It could not do that and came down. Today it is doing that in style. Now, the next hurdle would be the 200 day exponential moving average that is located around 14.85.

If this is crossed may be not today but in the short while and in the next few days if it manages to stay above 14.85, we will see some medium term uptrend shaping up. Otherwise, 14.85 could act as a supply pressure zone for the market for Gammon since it has already crossed the first supply zone between 12.85 and 13.