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Buy Bosch, target Rs 20,500: Mazhar Mohammad

One can buy into this counter in anticipation of a breakout above Rs 20,000.

January 14, 2019 / 11:22 IST
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Mazhar Mohammad

After the recent upmove from the lows of Rs 18,300-20,000, Bosch appears to be moving in an Rs 800-point range between Rs 20,000-19,200
range for almost last 17 sessions.

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Hence, one can buy into this counter in anticipation of a breakout above Rs 20,000. In that scenario, the initial target can be placed at Rs
20,500 levels. A stop suggested for the trade is a close below Rs 19,150.

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Moneycontrol Contributor
first published: Jan 14, 2019 11:22 am

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