Bongaigaon Refinery has support at Rs 53: Gujral

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Bongaigaon Refinery has support at Rs 53: Gujral

Technical Analyst, Ashwani Gujral is of the view that Bongaigaon Refineries has support at Rs 53. Shree Renuka looks good for a target of Rs 139 to about Rs 154, he added.

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Excerpts from Bazaar on CNBC-TV18 Watch the full show » RELATED NEWS Prefer Bongaigaon Refineries to MRPL: E Mathew Accumulate Bongaigaon Refineries & Petrochemicals: Anagram ALSO READ See previous views by Ashwani Gujral See what other Experts & Brokerages are saying about Bongaigaon Ref See messages about Bongaigaon Ref Bongaigaon Ref BSE | NSE 01/01/70 Are Mutual Funds betting on Bongaigaon Ref? Other Stocks in this news Shree Renuka Sugars | Axis Bank |

Technical Analyst, Ashwani Gujral is of the view that Bongaigaon Refineries has support at Rs 53.

Gujral told CNBC-TV18, "Bongaigaon Refinery is looking good. It has support at Rs 53, it could head back upto Rs 80 and then Rs 92."

He further added, " Shree Renuka looks good for a target of Rs 139 to about Rs 154."

" Axis Bank has found very good support. We could get good support at around Rs 670 and trade it upto Rs 805."

Disclosure: It is safe to assume that analyst and his clients may have an investment interest in the above stock/sector.