Stock Trading

Another Downside Of Rs 100-150 In SBI Looks Imminent : Rahul Mohindar

Rahul Mohindar of Viratechindia said that there is a possible downside in SBI’s stock value.

He said that the stock will experience other downside of Rs 100-150 with a short-term to medium-term viewpoint.

Mr. Mohindar stated, “In SBI, there is a visible short opportunity clearly because the stock looks much overstretched, it has reacted from more than Rs 1700 levels on its way down. So, I think technically we would have achieved almost all targets on both shorter-term and longer-term counts.”

He doesn’t believe that the SBI stock can do much on the positive aspect.

Stay Invested in DLF to Reap More Money

DLF GroupRahul Mohindar of Viratechindia is of the view that DLF can move upto Rs 620-630.

Prism Cement A Decent Mid-term Bet

Prism CementSharmila Joshi of Asit C Mehta said that it’s the profitable time to hold Prism Cement.

Ashwani Gujral Sets High Target For Ambuja Cement

Ambuja CementTechnical Analyst, Ashwani Gujral is of the vision that Ambuja Cement has target of Rs 155.

Gujral said, “Ambuja Cement at this point probably looks a little better although large cap cement is not showing the kind of moves that mid cap cement is showing. For Ambuja Cement Rs 130 seems to be a good support, and Rs 155 can be a good target. But large caps don’t seem like they are going to make new highs, they seem to get stuck and some bad news tends to come whenever they retest their previous highs.”

GMR Infrastructure Can Surely Test Rs 1000 – Ashwani Gujral

GMR GroupTechnical Analyst, Ashwani Gujral is of the vision that GMR Infrastructure can surely test Rs 1000.

Gujral told, “GMR Infrastructure is going through its normal correction and now it’s beginning to move up. If it can stay above Rs 850 sort of region, we could go back to Rs 1,000 probably further in case the market also turns.”

Orbit Corporation has next target of Rs 450: Ashwani Gujral

Orbit CorporationTechnical Analyst, Ashwani Gujral has suggested a secure level for Orbit Corporation at Rs 450.

He is fully confident that the stock will touch this level in near future. So he has suggested the investors to hold up the stock to make a good profit. It is also important to watch every moment of the stock. Don’t worry, if the stock goes below its existing level.

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