BGR Energy has target of Rs 360-370: Sukhani

BGR Energy Systems has target of Rs 360-370, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "BGR Energy Systems an excellent chart, just beginning an uptrend unlike some of the other stocks, which are broken out and are now going into the second leg of their move.”
He further added, “BGR Energy is entering an uptrend now. It’s made a beautiful head and shoulder bottom which is a bullish pattern. It’s come out yesterday of that, confirmed that signal. So the traders here are of two kinds. You can go for a day trade or a swing trade for a couple of days or you could actually take a position in it and say ‘okay I’ll hold it till this rally continues’. And for all I know an immediate target is Rs 320 but an ultimate target could be Rs 360-370."