Smartlink Networks can touch Rs 170 levels: Ventura
Bharat Gala, President, Ventura Securities is of the view that Smartlink Networks has the potential to touch Rs 170 levels.
By ET Bureau |
MUMBAI: Bharat Gala, President, Ventura Securities is of the view that Smartlink Networks has the potential to touch Rs 170 levels.
“A trend line break has out happened with good volumes at Rs 56 in Smart Link. Intermediate higher bottoms of Rs 30 and Rs 39 would be established above Rs 60.
The stock has strength of Rs 40 upmove above Rs 56. Levels of Rs 88.5 and Rs 87.5 are previous down gap resistance.
Overall the possible corrective in the stock can take it to Rs 79-108- 132-170 levels. Profit should be booked at all these levels,” Gala said.
“A trend line break has out happened with good volumes at Rs 56 in Smart Link. Intermediate higher bottoms of Rs 30 and Rs 39 would be established above Rs 60.
The stock has strength of Rs 40 upmove above Rs 56. Levels of Rs 88.5 and Rs 87.5 are previous down gap resistance.
Overall the possible corrective in the stock can take it to Rs 79-108- 132-170 levels. Profit should be booked at all these levels,” Gala said.
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