Last Updated : Jan 02, 2018 03:29 PM IST | Source: CNBC-TV18

Buy Precision Camshafts, may test Rs 180: Rajat Bose

Rajat Bose of is of the view that one may buy Precision Camshafts.

CNBC TV18 @moneycontrolcom

Rajat Bose of told CNBC-TV18, "I would say that good time to enter Precision Camshafts is right now. Today the market is a bit down, if one can get Precision Camshaft at a slightly lower price, then that would be very nice, because the chart looks very promising. In fact, the medium term moving averages have given a golden crossover and the stock has already started moving up."

"My target is about Rs 180 and I would suggest to put a stoploss below Rs 117 on closing price basis. The chart is such that even if there were to be a minor dip, one should continue to hold on and add till it breaks Rs 117 and probability is much higher that it would scale up to Rs 180 rather than break Rs 117," he added.
First Published on Jan 2, 2018 03:12 pm
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