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May 30, 2007, 08.51 PM IST
Technical Analyst, Rajat Bose is of the view that WWIL has resistance between Rs 84 and Rs 87.
Bose told CNBC-TV18, “On May 14, it posted its bottom of Rs 68, from there for seven days it moved up, finally at Rs 84 once again the reaction has come, this time it did not post a low of Rs 68, it actually bounced back from Rs 71, the low posted yesterday. Now this is definitely an encouraging sign but the zone between Rs 84 and Rs 87 is going to be a resistance zone, it has to cross that level and once Rs 87 is crossed decisively then we can expect it to go into triple digits kind of levels, above that Rs 109-110 would be the major hurdle, before the investor’s purchase price is reached. So as of now, we need to watch out for the levels between Rs 84 and Rs 87 if at all there is a real recovery, WWIL should cross that level and go into triple digit levels."
May 23 2013, 16:33
- in Asian markets
May 23 2013, 09:33
- in Technicals