Gammon Infra may go upto Rs 9: Prakash Gaba

Prakash Gaba, Technical Analyst at prakashgaba.com told CNBC-TV18, "In Gammon Infrastructure Projects looks like a good base formation here. It is down from the levels of Rs 13, closer to around Rs 7 zones. So, if it has to go up, the risk reward ratio is better here."He further added, "If someone wants to take a punt here, I would go in for Gammon Infrastructure with stoploss below Rs 7 and if it starts to go up I think it can go up to levels closer to Rs 9.50. So, there could be a good possibility of going upto Rs 9. So, risk reward ratio if I look at it, it seems to be a better bet."