RE­VIEW OF STOCK STRAT­EGY

Flash News Investment - - TECHNICALS -

We had rec­om­mended buy­ing the stock of Gu­jarat Min­eral De­vel­op­ment Ltd at Rs 148.85 in is­sue no. 51 (dated Oc­to­ber 09, 2017). Af­ter our rec­om­men­da­tion, the stock touched high of around Rs 152. How­ever, the stock failed to sus­tain at higher lev­els and re­traced back.

At present, the tech­ni­cal pat­tern looks good and hence we rec­om­mended in­vestors to hold the stock with stop loss of Rs 143.

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