Thursday 25 September 2008

Punj Lloyd can touch Rs 350-360

E Mathew is of the view that above Rs 330, Punj Lloyd can touch Rs 350-360.
E Mathew told CNBC-TV18, "If one looks at a stock like Punj Lloyd, one would certainly realize that maybe the sell off has been overdone a bit too much. In fact I see an uptrend from around Rs 190-195 zone in it and if the stock now sustains above this Rs 328-330 which is a tough resistance zone, this uptrend could further surprise you on the upside subject to it crossing Rs 330 and staying above that we could easily see the stock like Punj Lloyd go to Rs 350-360."

Source: MoneyControl

Posted by Harsh at 21:33

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)
DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.