Arvind has stoploss at Rs 32.50: Vasudeo
Published on Monday, July 28th, 2008 at 11:56 AMAuthor: admin (5507 Articles)
Technical Analyst, Hitendra Vasudeo is of the view that Arvind has stoploss at Rs 32.50.
Vasudeo told CNBC-TV18, “Arvind has made a higher bottom last week and today we are seeing it crossing its Rs 35 lower top. Maybe this short term move can extend its Rs 41-43 range. At current levels or even dip down to Rs 33.50, can be used for buying, so Rs 32.50 becomes a stoploss. But you can have minor pull back up and those who wish to take a slightly higher risk can take a short term call on it.”
Disclosure: Analyst doesn’t hold the above stock, but I have recommended it to clients.
Source : MoneyControl
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