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Technical Analyst, Prakash Gaba, is of the opinion that Indian Hotels may cross Rs 1000.
Gaba told CNBC-TV18,"Indian Hotels is a low volume stock and not a trading play stock. It is more of an investment stock. Its structure is positive and it is strong around Rs 680 level. One can buy it at beautiful levels of Rs 680-670. On the upside it is a level of Rs 925 which was a all time high. According to the structure it will cross Rs 925 and a technical target it can be Rs 1000. It may cross Rs 1000 but it will take time and the next technical target could be Rs.1220. But I think Rs 1000 will be a purely physiological resistance."
May 20 2013, 23:30
- in World News
May 20 2013, 12:21
- in Commodities