Bombay Dyeing can touch Rs 410: Shrikant Chouhan

Bombay Dyeing can touch Rs 410, says Shrikant Chouhan, VP Technical Research of Kotak Securities.

Chouhan told CNBC-TV18, "Trade long on Bombay Dyeing with a stop loss at Rs 355 on a closing basis. The stock has formed rising top rising bottom formation which is a very bullish indication for the stock and even the volumes are on the increasing side, which clearly indicate that the stock is sailing for the levels of Rs 410 on the higher side in the near term."