Escorts has target of Rs 105-108: Shardul Kulkarni

Escorts has target of Rs 105-108, says Shardul Kulkarni, Sr Technical Analyst, Angel Broking.

Kulkarni told CNBC-TV18, "At least if you take the case of the real estate space then Sobha Developers is one stock wherein probably one can take long positions. If the stock moves above Rs 280-281 then I think that there maybe some bit of upside in case Sobha wherein you may see the levels of Rs 295. Besides this infrastructure space and real estate, there are few counters wherein there are opportunities."
He further added, "Escorts is one stock wherein we are seeing an head and shoulder pattern. If the stock crosses the higher levels of Rs 90, I think it makes sense to go long in case of this particular stock. The short-term target for the next 5-7 trading sessions can be around Rs 105-108."
"From the infrastructure space IRB is one counter, which has given a fresh breakout in today