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Hold Ispat Ind with stoploss of Rs 27: Bose
2008-05-14 15:18:15 Source : Your Stocks/CNBC-TV18
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Technical Analyst, Rajat K Bose is of the view that one can hold Ispat Industries with a stoploss below Rs 27.
Bose told CNBC-TV18, "Ispat is actually a hold for the simple reason - It has a very the gradient on the upside is not very great but yet it is actually consolidating around Rs 30 and then trying to move up. If it were to move above Rs 35-37 range then we would see a good move happening in that and chart patterns suggests that it would be worthwhile for the investors to hold this stock with a stoploss below say Rs 27."
Disclosure: Analyst does not have a personal holding in any of the stocks discussed.
| Share Price Movement During The Last 12 Months | ||||
| Period | Price | Latest Price | Gain/Loss (Rs.) | % Gain/Loss |
| 3-Days | 31.90 | 32.10 | 0.20 | 0.63 |
| 5-Days | 34.20 | 32.10 | -2.10 | -6.14 |
| 7-Days | 34.80 | 32.10 | -2.70 | -7.76 |
| 15-Days | 34.05 | 32.10 | -1.95 | -5.73 |
| 1-Month | 29.20 | 32.10 | 2.90 | 9.93 |
| 3-Month | 38.90 | 32.10 | -6.80 | -17.48 |
| 6-Month | 42.40 | 32.10 | -10.30 | -24.29 |
| 9-Month | 14.09 | 32.10 | 18.01 | 127.82 |
| 1-Year | 16.47 | 32.10 | 15.63 | 94.90 |
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