Celebrity Fashions can touch Rs 40: Gujral

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Celebrity Fashions can touch Rs 40: Gujral

Celebrity Fashions made a large move towards Rs 32 and then came back. Now it started to move back up again. If it can take Rs 32 out, you can see levels of Rs 40, says Technical Analyst, Ashwani Gujral.

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Excerpts from Bazaar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Ashwani Gujral See what other Experts & Brokerages are saying about Celebrity Fash See messages about Celebrity Fash Celebrity Fash BSE | NSE 01/06/12 Are Mutual Funds betting on Celebrity Fash?

Celebrity Fashions made a large move towards Rs 32 and then came back. Now it started to move back up again. If it can take Rs 32 out, you can see levels of Rs 40, says Technical Analyst, Ashwani Gujral .

Gujral told CNBC-TV18, "Celebrity Fashions made a large move towards Rs 32 and then came back. Now it started to move back up again. If it can take Rs 32 out, you can see levels of Rs 40 coming on Celebrity Fashions. This is a stock which in the apparel kind of space seems strong."

Celebrity Fashions has touched a 52-week high of Rs 34.90. The stock touched an intraday high of Rs 34.90 and an intraday low of Rs 31.90. At 13:46 hrs the share was quoting at Rs 33.60, up Rs 3.30, or 10.89%. It was trading with volumes of 438,842 shares. Yesterday the share closed up 20.00% or Rs 5.05 at Rs 30.30.