Mercator may move to Rs 35-37: Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, "Mercator happens to be doing pretty well. In fact a disclosure from my side that I have already recommended this stock much earlier around say Rs 23 or so to my clients for delivery and investment buying. It looks like Mercator is headed for good times but this essentially a two day recommendation up to say the clearing day. You put a stoploss below Rs 26.90 and the targets are Rs 29.40 and Rs 30."He further added, "This stock, the chart structure suggests that there is a medium-term reversal in place and it is headed for higher levels. Going forward I am expecting it to test even Rs 35-37 on the upside. The chart structure suggests that there is lot of buying at lower levels in this counter."