Dec 02, 2016 03:04 PM IST | Source: CNBC-TV18

Enter Clariant Chemicals at around Rs 600-650: Prakash Gaba

Prakash Gaba, Technical Analyst at prakashgaba.com is of the view that one may enter Clariant Chemicals at around Rs 600-650.

Prakash Gaba, Technical Analyst at prakashgaba.com told CNBC-TV18, "Clariant Chemicals' structure is still weak, it has climbed up from Rs 600 zone to Rs 815 zone, this move looks reactive in nature basically it has gone up, but likely to come down. Now if you want to enter and the best place to enter somewhere could be in the vicinity of around Rs 650-600 zone, there the margin is very high, so wait for a while, it is coming down and you can enter there."

At 14:33 hrs Clariant Chemicals India was quoting at Rs 722, down Rs 12.70, or 1.73 percent on the BSE.

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