GMDC has target of Rs 192, says Nooresh Mirani, AVP Technical, AMSEC Research.
Mirani told CNBC-TV18, "GMDC has given a breakout of over multi month cup and handle pattern, which projects to a target price of close to Rs 250-300 in the short to medium-term. Over the last 3-4 years, it has multiple tops in the region of Rs 175-185. Yesterday the stock closed above major resistance level of Rs 185 and my short-term target is Rs 192."
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