Buy Dena Bank with a target Rs 84-95: Gujral

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Buy Dena Bank with a target Rs 84-95: Gujral

Dena Bank made a fresh intermediate high whereas the market failed to do so. One can buy Dena Bank with stop loss of Rs 72 for a target of Rs 84-95, says Technical Analyst, Ashwani Gujral

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Dena Bank made a fresh intermediate high whereas the market failed to do so. One can buy Dena Bank with stop loss of Rs 72 for a target of Rs 84-95, says Technical Analyst, Ashwani Gujral.

Gujral told CNBC-TV18, "It is one of the stronger banks on the charts; it made a fresh intermediate high whereas the market failed to do so. So in this reaction we got, so in this reaction we got Rs 72 as a low, so that can be used as a stop and if the market goes back to retest 5,100, we could look at levels of Rs 84 and then even Rs 95 on Dena Bank, so from trading angel this is one of the stronger stocks."