Expect Bosch to test Rs 21000, says Shubham Agarwal

Shubham Agarwal of Motilal Oswal Securities told CNBC-TV18, "If we look at the broader momentum in Bosch then very clearly we can see that there is very long consolidation happening there. With the declining trendline every time we have seen that the stock has seen support around that trendline zone. So given the fact that we have seen formation of a doggy getting formed two days back, we feel that the support is again reconfirmed with this kind of a candlestick pattern. That is why we expect that there could be a short-term move up.""We are expecting Rs 21,000 as a target which could be played out in one to one and a half weeks and a stop loss for this trade can be kept at Rs 17,500," he said.