Feb 26, 2009, 06.00 PM IST | Source: CNBC-TV18

Forbes Gokak can touch Rs 550: Bhambwani

Technical Analyst, Vijay Bhambwani is of the view that once Forbes Gokak starts to trade above the Rs 400 or 410 levels it can touch Rs 550.

Vijay Bhambwani, Technical Analyst, .

Technical Analyst, Vijay Bhambwani is of the view that Forbes Gokak can touch Rs 550.

Bhambwani told CNBC-TV18, "Forbes Gokak is only listed on the Bombay Stock Exchange and its range bound currently between Rs 330 to Rs 400 levels. Buying closer to the Rs 320-310 levels would reduce the margin of decline from there and once it starts to trade above the Rs 400 or 410 levels you should see the stock inch up to Rs 550 odd in the coming year and a half and this is purely for delivery based investors."

Disclosure: Analyst doesn't hold the above stock.

Set email alert for

ADS BY GOOGLE

Buy & sell politicians on Power Play
- the political stock exchange

Price Update

Arvind Kejriwal

1717.33 -13.43 -0.78%

44171

Bought today

88447

Sold today

0.53%

User holding

video of the day

Add cyclicals, banks on positive poll outcome: UBS

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.