Wednesday, 29 October 2008

Above Rs 74, Moser Baer can go upto Rs 85: Bose

Technical Analyst, Rajat K Bose is of the view that above Rs 74, Moser Baer can go upto Rs 85.

Bose told CNBC-TV18, "Moser-Baer was holding out in the carnage for quite sometime, finally it cracked so it is actually trying to recover lost ground and if it were to trade above say something like Rs 74 then on Friday, you will see a good rally happening at least up to Rs 83-85 range. Once it is above Rs 85, then one can expect it to move to something like triple-digits, but there would be a tall order as of now."

Disclosure: it is safe to assume that analyst and his clients may have an investment interest in the stocks/sectors discussed.

Source: Moneycontrol

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