Still some uptrend left in Ruchi Soya: Deepak Mohoni
It has already been there and come down a bit but the uptrend is not over.
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| Deepak Mohoni, Director, trendwatchindia.com
You have a target of 132 on Ruchi Soya. What is the call on this stock?
Deepak Mohoni: It has already been there and come down a bit but the uptrend is not over. People can still target that price or even a little above it but now I would keep a stop loss which is higher, 130. So your loss is respected to barely 1% but it is in a bit of an uptrend. It has attracted a fair amount of buying in the last 4-5 weeks. It does not normally trade that heavily but right now, it is among the flavours of the day.
You have a target of 132 on Ruchi Soya. What is the call on this stock?
Deepak Mohoni: It has already been there and come down a bit but the uptrend is not over. People can still target that price or even a little above it but now I would keep a stop loss which is higher, 130. So your loss is respected to barely 1% but it is in a bit of an uptrend. It has attracted a fair amount of buying in the last 4-5 weeks. It does not normally trade that heavily but right now, it is among the flavours of the day.
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