Everest Kanto has target of Rs 104: Nooresh Mirani

Everest Kanto Cylinder has target of Rs 104, says Nooresh Mirani of AMSEC Research.

Mirani told CNBC-TV18, "Everest Kanto Cylinders has made a huge triangle pattern over the last few months and it has almost 3-4 attempts on the higher trend line, the trend line resistance being around the Rs 92-93 levels. If we take the dividend adjusted price it has already come very close to the trend line levels. We expect the stock to breakout over the next few sessions giving a short-term target of Rs 104."