HomeNewsBusinessStocksL&T Finance may test Rs 76, IRB Infra Rs 210: Prakash Gaba

L&T Finance may test Rs 76, IRB Infra Rs 210: Prakash Gaba

Prakash Gaba of prakashgaba.com is of the veiw that L&T Finance Holdings may test Rs 76 while IRB Infra may hit Rs 210.

April 11, 2016 / 11:00 IST
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Prakash Gaba of prakashgaba.com told CNBC-TV18, "L&T Finance Holdings is trading at a good level, it has very strong support in the vicinity of Rs 70; that is the place I would have the stop loss. On the upside, the target is Rs 76, maybe Rs 80 in the days to come. So, L&T Finance certainly is looking good to me." "IRB Infrastructure is certainly looking weak. It has actually broken down twice, once at levels closer to Rs 230 and again broken down at levels closer to Rs 221. So, IRB Infra is actually sliding down to levels closer to Rs 210, keep stop loss above Rs 221," he said."BEML also is trading at a new low, it is a weak structure, the stock has broken down at Rs 1,020 and the way it is falling, looks like BEML can slide down to levels closer to Rs 855, keep stop loss above Rs 905." "Torrent Pharmaceutical is looking okay to me. It has given a breakout and looks like the stock can climb to levels closer to Rs 1,485, keep stop loss below Rs 1,405," he said."Apollo Hospitals looks okay and maybe it can climb to levels closer to Rs 1,395, keep stop loss below Rs 1,363." "Hindustan Unilever (HUL) looks kind of a sell. It could slide down to levels closer to Rs 840 and keep stop loss above Rs 852."

first published: Apr 11, 2016 10:00 am

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