Anand Rathi Securities suggests buying IDBI

After a deep correction for last six weeks, IDBI exhibits the possibility of a trend reversal in daily and weekly charts, the brokerage says in a technical report dated Feb 14. Rise in volume indicates a medium term buy in the counter. Based on the chart pattern to date, the stock is likely to get support around Rs 98.

Anand Rathi Securities has set a medium-term target of Rs 134 on IDBI and suggests buying the stock around Rs 98-107 with stop loss of Rs 94. If it moves above Rs 134 then it can even touch Rs 146 levels, the report says.

If you enjoyed this post, make sure you subscribe to my RSS feed!

Check out these posts:
Author: Austin Comments: 0 comments Date: 17 Feb 2008
Categories: Stock Calls Tags: , , ,
Name (Req)

E-mail (Req)


CommentLuv Enabled

Powered by WP Hashcash