Escorts has target of Rs 90: Shardul Kulkarni

Escorts has target of Rs 90, says Shardul Kulkarni, Sr Technical Analyst, Angel Broking.

Kulkarni told CNBC-TV18, "If you have a time frame of 15 days to around 15-20 trading sessions then there are couple of stock which can give you good gains. One of them is Escorts where in we feel that stock is near to 52 week lows, bounced from those levels and giving you a decent move on the upside. So we have set a target price of around Rs 90 for the stock over the next 20-25 trading sessions."
He further added, "Another stock which looks good but is down today is Reliance Capital. Stock has moved in a sideways triangle and in that particular triangle I think the breakout will take place over the next 3-4 trading sessions. Once the stock move above Rs 403-404 I think it makes sense to go long in the counter, we see a target price of around Rs 450-460 in case of Reliance Capital." Disclosure: It is possible that we have positions in the above stocks and we have recommended that to our clients.