Bartronics has target of Rs 225-250

Bhambwani told CNBC-TV18, "Bartronics India displayed a bar reversal in the weekend 27th January 2006 at Rs 155 levels and that makes it a strong inflection point what is known as a significant high point as per delta studies. For the first time thereafter you have seen the stock trade above that level, so it overcome a resistance level -number one. Second, the relative strength comparative of this stock was languishing at Rs 40 vis-à-vis the Nifty where 100, is a base, it was under performing the market. Now the relative strength comparative is zooming higher although it’s still not at par with the Nifty because there has a lot of catching up to do."

He further added, "The potential after the breakout has gone up significantly. I think should it stay above the Rs 155 levels for one-two trading sessions I would not be surprised to see a Rs 20 jump fairly rapidly because acceleration would come in after the guys sitting on the fence are convinced and start buying itself. Over a longer period of time this has started getting into bullish phase. If you are looking at a 12-15 months timeframe, I would stick my neck out and probably Rs 225-250 should be a logical target."