 Buy Bharat Forge; target of Rs 295: IndiaInfolinePublished on Thu, Nov 26, 2009 at 11:21 | Source : CNBC-TV18 Updated at Thu, Nov 26, 2009 at 11:23 16479 Investors following Bharat Forge. Share this News with them.
IndiaInfoline is bullish on Bharat Forge and has recommended buy rating on the stock with a target of Rs 295, in its November 26, 2009 report. "On Wednesday, Bharat Forge attempted to breakout past the top of a trading range between Rs 282-260. A move above Rs282 levels could take the stock to a one-month high. If the volume pattern is maintained in the coming trading sessions, it could attempt Rs 295 and above. Moreover, the stock has given a close above its short-term moving averages. We recommend traders with high risk appetite to buy the stock in the range of Rs 270-277 with a strict stop loss of Rs 265 for a target of Rs 295," says IndiaInfoline research report. Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. To read the full report click on the attachment Attachments : IndiaInfoline_Bharat Forge.pdf
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