Shree Renuka has support around Rs 67-68: LKP

Shree Renuka has support around Rs 67-68, says Kunal Bothra, LKP.

Bothra told CNBC-TV18, "Shree Renuka after a very strong rally around like Rs 55-56 levels it is moved on to Rs 75 and it is trading at consolidation. Ideally when the consolidation happens, the stock tries to retrace at least sort of a 33% retracement and that lies around Rs 67-68 for Renuka."
He further added, "The support for Renuka lies around Rs 67-68 but the trend on the intermediate basis lies on the bullish side, but at this point of time I would hold on to my longs. I would keep an immediate stop loss of Rs 70 and major support of Rs 67."