MOIL a good bet to trade: Ashwani Gujral
MOIL, it is done with its post IPO jitters and now it is consolidating well.
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| Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, in a chat with ET Now talks about MOIL.
On an MOIL, you still maintain the target?
Commodities have to do well, metals have to do well, things which go into making those metals would also tend to do well. MOIL, it is done with its post IPO jitters and now it is consolidating well. It had a big move yesterday, today kind of bit of profit booking, so once you see buying coming back at higher levels, then the stock tends to bottom out, this could get up to levels of 480.
On an MOIL, you still maintain the target?
Commodities have to do well, metals have to do well, things which go into making those metals would also tend to do well. MOIL, it is done with its post IPO jitters and now it is consolidating well. It had a big move yesterday, today kind of bit of profit booking, so once you see buying coming back at higher levels, then the stock tends to bottom out, this could get up to levels of 480.
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