Wait and watch for RBNL: Vijay Bhambwani
I would look at this stock in the short term as having potential up to the Rs 72-73 levels. Book profits on any longs that I would have and on declines this stock has a potential to go up to Rs 61.
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| Updated: Vijay Bhambwani, Author, CEO, BSPLindia.com, in a chat with ET Now, gives his call on RBNL
What is your call on RBNL?
I would look at this stock in the short term as having potential up to the Rs 72-73 levels. Book profits on any longs that I would have and on declines this stock has a potential to go up to Rs 61 odd levels. In case you are buying the stock let it be a short term trading pick with small allocations to it rather than go all the way and pick up large quantum because on the upside overhead supply would cap the rallies.
What is your call on RBNL?
I would look at this stock in the short term as having potential up to the Rs 72-73 levels. Book profits on any longs that I would have and on declines this stock has a potential to go up to Rs 61 odd levels. In case you are buying the stock let it be a short term trading pick with small allocations to it rather than go all the way and pick up large quantum because on the upside overhead supply would cap the rallies.
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