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Last Updated : Mar 02, 2016 09:47 AM IST | Source: CNBC-TV18

Tech Mahindra may test Rs 447, Reliance Cap Rs 363: Rajat Bose

Rajat Bose of is of the view that Tech Mahindra may test Rs 447 while Ashoka Buildcon may hit Rs 191.60.

Rajat Bose of told CNBC-TV18, "Tech Mahindra looks pretty good. In fact, it is showing signs that now an upmove can actually shape up. I have kept a target of Rs 447 and have put a stop loss at Rs 425. You can take it as a two day trade, it looks pretty good."

"Reliance Capital can acquire momentum once it crosses Rs 343. Once Rs 343-345 range is taken out, it could shoot up to Rs 363. Put a stop loss below Rs 330," he said.

"In Universal Cable, I would put a stop loss below Rs 68. Its chart looks good, probably a move towards Rs 77 is in the offing while Rs 74.50 and Rs 77 are the targets."

"Ashoka Buildcon is also looking equally good. Targets would be Rs 187.95 to Rs 191.60 and you put a stop loss below Rs 176.50."

"Aarti Industries is another momentum play. Put a stop loss below Rs 430. Targets would be Rs 451 and Rs 455."
First Published on Mar 2, 2016 09:47 am
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