HomeNewsBusinessStocksPNB may test Rs 81, Tata Motors Rs 412: Prakash Gaba

PNB may test Rs 81, Tata Motors Rs 412: Prakash Gaba

Prakash Gaba of prakashgaba.com is of the view that Punjab National Bank may test Rs 81 while Tata Motors may hit Rs 412.

May 30, 2016 / 11:05 IST
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Prakash Gaba of prakashgaba.com told CNBC-TV18, "I see a good base formation in Punjab National Bank (PNB) and looks like there is a good support in the region of Rs 75, so the possible target on the upside could be Rs 81. The entire public sector undertaking (PSU) basket is looking good, so I just happened to choose PNB.""In Tata Motors, there is a strong support in the low regions around Rs 397-400 zones, so the target is around Rs 412. It looks like the stock should be up," he added."Apollo Tyres bounced from strong support zones, so good chance that it can climb to Rs 162 and Rs 154-155 zones are strong support zone. It is more of a bounce back that I am playing here. The stock looks good." "I see some kind of exhaustion pattern in the upper region of Crompton Greaves, it has broken previous stop loss as well. There is a good chance that it can slide down to levels closer to Rs 57, keep stop loss above Rs 61."

first published: May 30, 2016 09:46 am

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