Gokaldas faces resistance of 175-180: Siddh Capital

Vinith Jain, Director, Siddh Capital in an interview with ET Now talks about Gokaldas.

How do you evaluate Gokaldas? If you are looking at the last six months, it touched 180 odd levels, came down. Then again in the middle of April, it went up to 170 back down again, so you see some resistance coming up in the near term?

The stock has been doing very little in the past few days and certainly the breakout today seems to have a potential to surprise here. Of course the stock has been facing a good resistance at 175-180 levels, so as of now just hold on. Once the resistance of 175-180 is broken, a very surprising move could come up and the stock could move up very sharply.