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HomeNewsBusinessRIL looks good, L&T may test Rs 1667: Prakash Gaba

RIL looks good, L&T may test Rs 1667: Prakash Gaba

Prakash Gaba of prakashgaba.com is of the view that RIL looks good while L&T may test Rs 1667.

April 03, 2017 / 16:19 IST

Prakash Gaba of prakashgaba.com told CNBC-TV18, ""Reliance Industries is looking good to me. It has given a breakout on Friday. Today it has sustained a breakout. It is heading to levels closer to Rs 1,450 or so. If you expand the timeframe of Reliance, it is going towards Rs 1,500 zone. It may take its own sweet time for that but so far no sign of weakness."

"As far as L&T is concerned, one could say buy dips until Rs 1,580-1,600 zone and continue long, who knows where it goes. Next technical target is Rs 1,667."

"Bharat Forge is looking good to me. The way it is trading, looks like it can climb to levels closer to Rs 1,085 zones, stop below Rs 1,060. Dabur India is another stock that looks good to me. Looks like the way it is trading can climb to levels closer to Rs 282, stop below Rs 272," he said.

Disclosure: Reliance Industries owns Network 18 that publishes Moneycontrol.com.
first published: Apr 3, 2017 04:12 pm

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