City Union Bank has target of Rs 52: Bothra

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City Union Bank has target of Rs 52: Bothra

City Union Bank has target of Rs 52, says Kunal Bothra, Sr Technical Analyst, LKP.

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Excerpts from Midcap Radar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Kunal Bothra See what other Experts & Brokerages are saying about City Union Bank See messages about City Union Bank City Union Bank BSE | NSE 01/06/12 Are Mutual Funds betting on City Union Bank?

City Union Bank has target of Rs 52, says Kunal Bothra, Sr Technical Analyst, LKP.

Bothra told CNBC TV18, "If I am keeping City Union Bank for a shorter-term for example probably a 15 day kind of a period my stop-loss at the current levels which is Rs 48 would be somewhere around Rs 45 levels. I will be looking for break-off Rs 52. That would be my target Rs 52-53 levels on City Union Bank, keep a stop-loss of Rs 45 for a target of Rs 52."

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