Yuken India’s indicator shows presence of strong uptrend: Ventura

MUMBAI: Bharat Gala, president, Ventura Securities is of the view that trend indicator of Yuken India shows presence of strong up trend. The stock has the potential to touch Rs 650-750 levels, he says.

“Yuken India’s trend indicator shows presence of strong up trend. The stock has opened for Rs 650-750 levels. Some profit booking may happen at Rs 380-400.

Supports are at Rs 281-268-258-244-235. In case of a strong move the stock will not breach Rs 268. Two consecutive closes below Rs 235 negates the above view.

Fresh buying will add to upward momentum above Rs 398 and all time high of Rs 420,” Gala said.