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Technical Analyst, Prakash Gaba is of the view that above Rs 143 Phoenix Lamps can go upto Rs 176-177.
Gaba told CNBC-TV18, "I am not clear on the charts of Phoenix Lamps because Rs 143 is all time high; the chart shows some kind of sluggishness, tiredness, it does not show weakness. So, perhaps it can come down to Rs 110-120 levels. But more time needs to be spent here before it takes on to the all time high. But once its takes on the all time high then it is going to run to maybe Rs 176-177 levels." Disclosure: Analyst doesn't hold the above stock.
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