Long on GTL Infra with a stop loss of 43.5: Sameer Shetye
I would go long at these levels, 45 levels with a stop of 43.5 with a target of around about 50 levels which happens to be the recent top of GTL Infra which it had made a few months back.
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| Sameer Shetye, Derivatives & Technical Analyst, AK Stockmart, in a chat with ET Now speaks about GTL Infra.
What is the sense on GTL Infra?
GTL has been trading pretty sideways, scraping down but then the stock has been taking good support along 200 DMA. It has never actually tested a DMA. It is taking considerable amount of support there.
So from a risk reward standpoint, a long entry at this level makes pretty much sense. I would go long at these levels, 45 levels with a stop of 43.5 with a target of around about 50 levels which happens to be the recent top of GTL Infra which it had made a few months back.
What is the sense on GTL Infra?
GTL has been trading pretty sideways, scraping down but then the stock has been taking good support along 200 DMA. It has never actually tested a DMA. It is taking considerable amount of support there.
So from a risk reward standpoint, a long entry at this level makes pretty much sense. I would go long at these levels, 45 levels with a stop of 43.5 with a target of around about 50 levels which happens to be the recent top of GTL Infra which it had made a few months back.
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