Keep Rs 440 stoploss in NMDC: Gujral
Published on Wednesday, November 11th, 2009 at 7:14 PMAuthor: stockalert (2026 Articles)
Keep Rs 440 stoploss in NMDC, says Technical Analyst, Ashwani Gujral.
“NMDC has been going up for the last 4-5 days, the breakeven stock is probably appropriate, anytime news events do not play out in the stock, it will crash 20% the way it has been going up, so keep a Rs 440 stoploss and have a target of about Rs 490. These are trading targets because investment case was probably there in Rs 100 or 200 and I don’t think after such run up you should be investing in such stocks.”
Source : MoneyControl
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