If crosses Rs 65, Time Technoplast can touch Rs 90-95: Ashwani Gujral
Time Technoplast is a bit more positive. It hit a panic bottom of about Rs 40. If it can take Rs 65 out, it is probably a stronger stock that Walchand, and then we could see Rs 90-95 on this one.
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| In a chat with ET Now, Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, shares his trading ideas.
How do Walchandnagar Industries and Time Technoplast look on the charts?
After hitting a bottom of Rs 110, Walchandnagar is consolidating in the Rs 130-150 band. If the markets stabilise, then probably it could get up to levels of Rs 180 but again a lot of these stocks are trying to bottom out but they need a good market to survive.
Time Technoplast is a bit more positive. It hit a panic bottom of about Rs 40. If it can take Rs 65 out, it is probably a stronger stock that Walchand, and then we could see Rs 90-95 on this one. This has support around Rs 52, but again, these are volatile small cap stocks.
How do Walchandnagar Industries and Time Technoplast look on the charts?
After hitting a bottom of Rs 110, Walchandnagar is consolidating in the Rs 130-150 band. If the markets stabilise, then probably it could get up to levels of Rs 180 but again a lot of these stocks are trying to bottom out but they need a good market to survive.
Time Technoplast is a bit more positive. It hit a panic bottom of about Rs 40. If it can take Rs 65 out, it is probably a stronger stock that Walchand, and then we could see Rs 90-95 on this one. This has support around Rs 52, but again, these are volatile small cap stocks.
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