Gammon India has target of Rs 285-300: Thacker

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Gammon India has target of Rs 285-300: Thacker

Gammon India has target of Rs 285-300, says Mitesh Thacker, Technical Analyst, miteshthacker.com.

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Excerpts from Bazaar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Mitesh Thacker See what other Experts & Brokerages are saying about Gammon India See messages about Gammon India Gammon India BSE | NSE 30/05/12 Are Mutual Funds betting on Gammon India?

Gammon India has target of Rs 285-300, says Mitesh Thacker , Technical Analyst, miteshthacker.com.

Thacker told CNBC-TV18, "Gammon India is a stocks which broke out of its long consolidation of around 2-2.5 months. This stock was failing to get past levels of Rs 250 on a closing basis and yesterday we saw extra ordinary jump in volumes around 15 times the normal traded volumes and 10 fold jump in delivery volumes."

He further added, "The price targets here could be around Rs 285-300 for a short-term momentum trader and the recommended stoploss here would be around Rs 244."