Kunal Bothra of LKP Securities told CNBC-TV18, "The charts of Nalco are showing some very strong potential. If you look at it from a timeframe of either a daily basis or monthly basis, the chart patterns are showing some very strong momentum at this point of time. You have seen the stock showing some good momentum, first half of September more or less remaining sideways and it is picking up action again.""In terms of trading levels it has already broken a swing high. If the momentum continues the way I am anticipating, I am expecting levels of at least Rs 46 in the stock in a matter of couple of months. So, Rs 34 should now be kept as stop loss for and Rs 46 is the target which I am looking at. Timeframe would be at least 2-3 months," he said.
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