Educomp has support at current levels: Gujral

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Educomp has support at current levels: Gujral

Educomp Solutions has support at current levels, says Technical Analyst, Ashwani Gujral.

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Excerpts from Closing Bell on CNBC-TV18 Watch the full show » ALSO READ See previous views by Ashwani Gujral See what other Experts & Brokerages are saying about Educomp Sol See messages about Educomp Sol Educomp Sol BSE | NSE 10/02/12 Are Mutual Funds betting on Educomp Sol?

Technical Analyst, Ashwani Gujral is of the view that Educomp Solutions has support at current levels.

Gujral told CNBC-TV18, "Educomp Solutions is right at support. It bounces back from Rs 700 and midway from Rs 850 it started to drift down. As long as Rs 700 is held up, we are basically in an uptrend. So we should assume that Rs 700 will hold up and the stock will restart its upmove again. But now it will gain strength only above Rs 850, earlier it was in a range of about Rs 700 to Rs 900-925, but sort of turned down midway in that range. So we need to see at Rs 700 what happens."