Patni has target of Rs 550: G Vora
Published on Friday, November 6th, 2009 at 6:21 PMAuthor: stockalert (2027 Articles)
Patni Computer Systems has target of Rs 550, says Gautam Vora of ULJK Securities.
“Patni is almost close to its all time high right now. We think it will continue to go higher. It is at about Rs 501; we have our first target at Rs 550. On the charts the Moving Average Convergence Divergence (MACD) and the relative strength index (RSI) are looking very positive. Also there is huge buying in the company with great volume. So I think the stock is a good buy with about a 10% upside from here.”
Source : MoneyControl
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