Above Rs 44, IFCI may test Rs 65-70: Kunal Bothra

Kunal Bothra of LKP is of the view that IFCI may test Rs 65-70 if it breaks above Rs 44.

Kunal Bothra of LKP told CNBC-TV18, "From a short term perspective, IFCI  is one stock which could be bought into, levels of Rs 42-43 could be fairly possible in it. I would wait for a breakout of Rs 44, if you look at the monthly chart Rs 44 has been a tough task for IFCI to break over the couple of years and there is a second attempt where IFCI is making towards Rs 44-45 mark."

"Only if it breaks at on a monthly closing base that is where the larger uptrend for IFCI would open up, even a target of Rs 65-70 is fairly possible provided if it breaks and encloses above Rs 45 on a monthly basis," he added.

At 13:54 hrs IFCI was quoting at Rs 40.30, up Rs 2.15, or 5.64 percent. It has touched an intraday high of Rs 41.55 and an intraday low of Rs 37.80.

Disclosure: Analyst has no personal holdings in the stock but he may have recommended the same to his client at LKP

Anda sedang membaca artikel tentang

Above Rs 44, IFCI may test Rs 65-70: Kunal Bothra

Dengan url

https://sehatgayahidup.blogspot.com/2014/06/above-rs-44-ifci-may-test-rs-65-70.html

Anda boleh menyebar luaskannya atau mengcopy paste-nya

Above Rs 44, IFCI may test Rs 65-70: Kunal Bothra

namun jangan lupa untuk meletakkan link

Above Rs 44, IFCI may test Rs 65-70: Kunal Bothra

sebagai sumbernya