Gujarat State Petronet Limited. – EQ. – Symbol – GSPL.
GSPL has closed at 61.85. It is in
an uptrend since August 2013. Now it seems it is breaking out of a range and
might go towards higher levels. This stock is in cash segment and we are
recommending it for
a short term buy for 5 to 15 days of time period.
One can buy this stock and keep
targets of Rs. 65 and Rs. 70. In case the market favors the trend, it might go
further up. One can easily keep a target of 8 % – 10 % in a short time frame of
15 days. A closing basis Stop Loss must be maintained at Rs. 58. One, must not
forget that we are trading in the highest band of a trading range so Stop Loss
is not only essential but also mandatory to maintain. Stop Loss is a life saving
tool.
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