Pennar Steel can hit target of Rs 100-110: Ventura
One can expect the stock to target of Rs 100-110 levels. Intermediate profit booking levels are at Rs 65-88- 99 levels.
By ET Bureau |
MUMBAI: Bharat Gala, President, Ventura Securities is of the view that has potential to touch target of Rs 100-110.
“Pennar Steel has given a primary breakout on quarterly charts. The second pattern breakout will happen above Rs 52 levels.
One can expect the stock to target of Rs 100-110 levels. Intermediate profit booking levels are at Rs 65-88- 99 levels.
Nearest supports are at Rs 42-38 levels. Any close below Rs 34 weakens the move and two consecutive close below Rs 25 negates the above view,” the report said.
“Pennar Steel has given a primary breakout on quarterly charts. The second pattern breakout will happen above Rs 52 levels.
One can expect the stock to target of Rs 100-110 levels. Intermediate profit booking levels are at Rs 65-88- 99 levels.
Nearest supports are at Rs 42-38 levels. Any close below Rs 34 weakens the move and two consecutive close below Rs 25 negates the above view,” the report said.
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