IIFL is bullish on Gujarat State Petronet (GSPL) and has recommended buy rating on the stock with a target of Rs 86 in its October 15, 2012 research report.
“Gujarat State Petronet (GSPL) on the daily chart has been taking support at neckline of rounding saucer pattern and move past Rs81 should confirm a trend reversal. The amplitude of pattern projects medium term target beyond Rs100. The daily RSI has entered into support zone 50 which enhances risk reward ratio for a rally. (Duration 10 days),” says IIFL research report. Non-Institutions holding more than 90% in Indian cos Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. To read the full report click on the attachment
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