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    HomeNewsBusinessStocksShort Union Bank, says Rakesh Gandhi

    Short Union Bank, says Rakesh Gandhi

    Rakesh Gandhi, Sr Technical Analyst of LKP is of the view that one can short Union Bank for the target of Rs 190.

    October 25, 2011 / 08:30 IST

    Rakesh Gandhi, Sr Technical Analyst of LKP is of the view that one can short Union Bank for the target of Rs 190.

    Gandhi told CNBC-TV18, "Union Bank has broken the neckline of bearish triangle formation with very heavy volumes and has also closed below that and it has also started making new low for the year 2011. Traders can short for the target of Rs 190 with a stoploss of Rs 218.

    first published: Oct 25, 2011 08:27 am

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