Satyam Computer has resistance at Rs 115: Gujral

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Satyam Computer has resistance at Rs 115: Gujral

Technical Analyst, Ashwani Gujral is of the view that Satyam Computer has resistance at Rs 115.

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Excerpts from Bazaar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Ashwani Gujral See what other Experts & Brokerages are saying about Mahindra Satyam See messages about Mahindra Satyam Mahindra Satyam BSE | NSE 28/05/12 Are Mutual Funds betting on Mahindra Satyam?

Technical Analyst, Ashwani Gujral is of the view that Satyam Computer has resistance at Rs 115.

Gujral told CNBC-TV18, "Satyam Computer Services has a nice consolidation around the Rs 75-80 mark and now it is in a longer term up trend. Chances are if it can hold on to the Rs 77-80 you will get to those Rs 114-115 kind of levels. You would remember when it started falling it stopped around these Rs 115 kind of levels, so now the next resistance here is around Rs 115 and going by the trend of the stock it will get there, may take some time but obviously next levels are around Rs 115."