Siddharth Bhamre of Angel Broking feels that Educomp Solutions can touch Rs 250.
Bhamre told CNBC-TV18, "If you look at last six-seven trading sessions there has been good volume which is happening in cash market. We were seeing formation of some long positions as Educomp was bouncing from Rs 200 odd levels."
He further added, "Yesterday again with a positive move we have seen 14-15% rise in open interest over there and Rs 220-230 is a good resistance for the counter. So we anticipate breach of this resistance and it is possible that counter can go much higher levels to Rs 247 to Rs 250, so fix a stop of Rs 204 and go long."
