Hold Bilcare with stoploss of Rs 984

Published on Fri, Jul 06, 2007 at 13:31 |  Source : Moneycontrol.com

Updated at Fri, Jul 06, 2007 at 14:34  

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Sarvendra Srivastava, Technical Analyst, .

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Technical Analyst, Sarvendra Srivastava is of the view that one can hold Bilcare with stoploss of Rs 984.

Srivastava told CNBC-TV18, "Bilcare has run up sharply, it looks positive, because the data is slightly less there in terms of the way it has broken out, I think I will hold with the trade. The stock looks good and upside is left there, 30-40% upside for delivery. People who want to hold delivery, I think a 30% upside on that stock is very much evident on the chart. So I will hold the trade with a slightly more moderate stoploss around the Rs 984 levels on a closing basis." 

  

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