Marico can touch Rs 120: Rohit Shinde

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Marico can touch Rs 120: Rohit Shinde

Marico can touch Rs 120, says Rohit Shinde, CD Equisearch.

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Excerpts from Midcap Radar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Rohit Shinde See what other Experts & Brokerages are saying about Marico See messages about Marico Marico BSE | NSE 10/02/12 Are Mutual Funds betting on Marico?

Marico can touch Rs 120, says Rohit Shinde , CD Equisearch.

Shinde told CNBC-TV18, "Marico is basically going on in a very good trend line. It is forming a very stiff trend line in the past five months and it is going under the three levels, the three lows of the trend line in June-August and October. So we are finding that this particular stock is very strong over Rs 102 levels and we can expect it to go around Rs 120 levels with a stoploss of around Rs 95."  

Disclosure: I don't have a personal holding in any of the above stock/ sector today but may have recommended them to clients.