Mercator Lines has target of Rs 140-149: Bose

Technical Analyst, Rajat K Bose is of the view that one will see Mercator Lines going up much further from here. Over the medium-term, my target would be something like Rs 140 to about Rs 149 and if it crosses that then even further higher levels of say Rs 163 to Rs 165 could be possible.

Bose told CNBC-TV18, "I have given a buy call on Mercator Lines this afternoon to my clients and Mercator Lines charts are looking really good. In fact above Rs 110 there has been a breakout and chances are that one will see Mercator Lines going up much further from here. Over the medium-term, my target would be something like Rs 140 to about Rs 149 and if it crosses that then even further higher levels of say Rs 163 to Rs 165 could be possible. The chart pattern suggests a strong bullishness over the medium-term."