Transport Corporation has resistance at Rs 120: Gujral

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Transport Corporation has resistance at Rs 120: Gujral

Technical Analyst, Ashwani Gujral is of the view that Transport Corporation has resistance at Rs 120.

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Excerpts from Markets Midday on CNBC-TV18 Watch the full show » ALSO READ See previous views by Ashwani Gujral See what other Experts & Brokerages are saying about Transport Corp See messages about Transport Corp Transport Corp BSE | NSE 31/05/12 Are Mutual Funds betting on Transport Corp?

Technical Analyst, Ashwani Gujral is of the view that Transport Corporation has resistance at Rs 120.

Gujral told CNBC-TV18, "There is some news that real estate division is getting demerged and Transport Corporation was trading between a range of about Rs 82 to about Rs 100. It has started to breakout of Rs 100 and it generally tends to run up quite fast above Rs 100. The next resistance out here could be closer to Rs 120. So this has a kind of broken out on stock specific kind of news on good volumes."