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Moser Baer has resistance at Rs 120: Bose
Technical Analyst, Rajat K Bose is of the view that Moser Baer has strong resistance at Rs 120. In the recent past it has actually showed a very good move in fact one can actually take a long position expecting something like Rs 114 to about Rs 120.
Technical Analyst, Rajat K Bose is of the view that Moser Baer has strong resistance at Rs 120.
Bose told CNBC-TV18, "Moser-Baer in the recent past has actually showed a very good move in fact I would say that one can actually take a long position expecting something like Rs 114 to about Rs 120. Rs 120 happen to be a strong resistance zone but as of now the kind of movement and the kind of accumulation it has seen over lot many days before actually marching ahead above Rs 100, I think it may actually climb up to those levels."
Disclosure: It is safe to assume that analyst and his clients may have an investment interest in the above stock/sector.
