Monday 10 November 2008

Hold TTML, says Bhambwani

Technical Analyst, Vijay Bhambwani is of the view that one can hold TTML.

Bhambwani told CNBC-TV18, "For TTML the Rs 12.50 mark is a very robust support at this point in time and even if it is taken out, the stock is likely to fall by a buck-buck and a half below that. On the upsides, the Rs 18-20 band is where immediate resistance will come in. I am not saying that this is be all and end all for the headroom upsides. But the way to make money from the stock is to kind of expand your timeframe and buy at lower levels. So by all means hold for a long-term, average at lower levels and kindly wait for 2-2.5 years."

Source: Moneycontrol

Posted by Harsh at 07:34

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