Videocon Industries has target of Rs 270: Sharma

Published on Thu, Nov 26, 2009 at 14:08 |  Source : CNBC-TV18

Updated at Thu, Nov 26, 2009 at 15:52  

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Salil Sharma, Technical Analyst, Kapur-Sharma & Co

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Videocon Industries has target of Rs 270, says Salil Sharma , Technical Analyst, Kapur-Sharma & Co.

Sharma told CNBC-TV18, "Videocon Industries saw a good breakout day before yesterday above its 50 DMA and currently on Rs 239 it looks good. It was obviously news based on the Brazil Discovery of oil and shorter term target technically is around Rs 270 and six monthly target is between Rs 340-350."

Disclosure: No personal holdings but we have recommended to clients so we have a vested interest in that sense.

  

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