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Last Updated : Mar 11, 2015 03:22 PM IST | Source: CNBC-TV18

Unitech may hit Rs 21-22: Rahul Mohindar

Rahul Mohindar, technical analyst at is of the view that Unitech may touch Rs 21-22.

Rahul Mohindar, technical analyst at told CNBC-TV18, "Unitech is a trading play. I think the stock is looking good from very short-term perspective and I am not looking at adding it to our portfolio as such but for the next couple of days, Unitech is going to get some very strong support around Rs 18-18.50 level. If you look at volumes that we clocked on Unitech about two weeks ago when the stock went up was quite colossal. I think that is going to be a point where you would experience a lot of support."

"At current level with Rs 17.80 as my stop loss I would look at near-term targets of Rs 21-22. I am not looking at very long-term upward projections on this but trading play is the way I would put it," he added.

At 14:33 hrs Unitech was quoting at Rs 19.70, up Rs 1.15, or 6.20 percent. It has touched an intraday high of Rs 19.80 and an intraday low of Rs 18.70.

First Published on Mar 11, 2015 02:37 pm
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