Sep 10, 2013, 05.35 PM | Source: CNBC-TV18

Buy Sesa Goa; target Rs 220-240: Nooresh Merani

One may buy Sesa Goa on dips around Rs 160-165 with a target Rs 220-240, says Nooresh Merani, AVP Technical at AMSEC Research.

Nooresh Merani, AVP Technical at AMSEC Research told CNBC-TV18, "Technically, we have seen a major up move in the last few weeks and also the volumes are very supportive which indicates that Sesa Goa has given a trend change from the down trend which it was for the last few years.”

He further added, “I believe any dips to Rs 160-165 would be an entry point. We could be looking towards a target of price of Rs 220 to Rs 240 over the next 3 to 6 months. This could be a good buy even at current levels and accumulate towards Rs 160-165.”

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