McLeod Russel may touch 285-290: Devang Visaria

Devang Visaria, Chief Strategist, devangvisaria.com, in a chat with ET Now talks about McLeod Russel.

What is your view on McLeod Russel?

McLeod Russel is consolidating in a very good triangle formation on the daily charts. From these levels, with a Rs 10 stop loss, we are looking for a first target of 265 followed by possibly 285-290 with a three or four week kind of horizon for McLeod Russel.

The other stocks, which we have covered today is Varun Shipping, which we already discussed; then Reliance Infra with a stop of 1089, we think there is a good trading upside for targets of 1200.