Moneycontrol
Last Updated : Jan 09, 2018 03:36 PM IST | Source: CNBC-TV18

Exit Triveni Engineering, says Rajat Bose

Rajat Bose of rajatkbose.com is of the view that one may exit Triveni Engineering.

CNBC TV18 @moneycontrolcom

Rajat Bose of rajatkbose.com told CNBC-TV18, "In the month of December, Triveni Engineering has actually fallen below its 200-day moving average which was around Rs 85. So what I would suggest is that if in a rally, the stock fails to take out the zone between Rs 83 and Rs 85, then I think one should bail out of this stock."

At 15:17 hrs Triveni Engineering and Industries was quoting at Rs 78.30, down Rs 0.85, or 1.07 percent.

The share touched its 52-week high Rs 107.90 and 52-week low Rs 66.30 on 08 August, 2017 and 09 January, 2017, respectively.

Currently, it is trading 27.43 percent below its 52-week high and 18.1 percent above its 52-week low.
First Published on Jan 9, 2018 03:21 pm
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