Steel Strips Wheels may touch Rs 200

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Steel Strips Wheels may touch Rs 200

Technical Analyst, Vijay Bhambwani is of the view that Steel Strips Wheels may touch Rs 200.

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Excerpts from Your Stocks on CNBC-TV18 Watch the full show » ALSO READ See what other Experts & Brokerages are saying about Steel Strips Wh See messages about Steel Strips Wh Steel Strips Wh BSE | NSE 01/06/12 Are Mutual Funds betting on Steel Strips Wh?

Technical Analyst, Vijay Bhambwani is of the view that Steel Strips Wheels may touch Rs 200.

Bhambwani told CNBC-TV18, "Steel Strips Wheels has been somewhat of a laggard on historical basis. But of late it's really started out performing the market and its headed towards the Rs 200 mark and that is also a significant high on the weekly and monthly charts. I would take a bullish view on it once it breakout above Rs 200 on heavy volumes and I would see higher commitment of traders. At this point in time medium to long-term investors can keep a fairly deep stoploss of Rs 155."