GSFC may breach all-time high levels: Ventura
Bharat Gala, president, Ventura Securities, is of the view that Gujarat State Fertilisers and Chemicals is likely to move above its all-time high of Rs 405 levels.
By ET Bureau |
MUMBAI: Bharat Gala, president, Ventura Securities, is of the view that Gujarat State Fertilisers and Chemicals is likely to move above its all-time high of Rs 405 levels.
Gujarat State Fertilisers & Chemicals recently made a new high of Rs 383. Yesterday’s close suggests a possibility of crossing over its all time high of Rs 405.
If so, the stock will open for Rs 405-454-540-600 levels. Supports are at Rs 342-320-297 while Rs 265-252 are strong buying areas. In a strong upmove, the stock will not correct below Rs 320.
Two consecutive closes below Rs 295 negates the above view,” Gala said.
Gujarat State Fertilisers & Chemicals recently made a new high of Rs 383. Yesterday’s close suggests a possibility of crossing over its all time high of Rs 405.
If so, the stock will open for Rs 405-454-540-600 levels. Supports are at Rs 342-320-297 while Rs 265-252 are strong buying areas. In a strong upmove, the stock will not correct below Rs 320.
Two consecutive closes below Rs 295 negates the above view,” Gala said.
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