Hold Gujarat Pipavav Port; Buy Syndicate Bank, Bank of Baroda

December 18, 2017

The technical analysts are of the view that the structure of Gujarat Pipavav Port is weak, therefore it is coming down.

Hence, it is suggested to keep a stoploss below Rs 125.

If it does not break, it might go up from here and it has a very good chance to climb to somewhere closer to around Rs 180 zones.

You must hold Gujarat Pipavav Port with a stoploss and add if it crosses Rs 150 zones; then it tells you that it is going up.

At 15:10 hrs Gujarat Pipavav Port was quoting at Rs 134.55, down Rs 0.65, or 0.48 percent.

The share touched its 52-week high Rs 179 and 52-week low Rs 121.20 on 05 April, 2017 and 26 December, 2016, respectively.

Currently, it is trading 24.83 percent below its 52-week high and 11.01 percent above its 52-week low

You can buy two PSU banks.

First is Syndicate Bank, where you need to keep stop loss at Rs 84 for the target of Rs 90.

Syndicate Bank is one of the oldest and major commercial banks in India. It was founded by T M A Pai, Upendra Pai, and Vaman Kudva. At the time of its establishment, the bank was known as Canara Industrial and Banking Syndicate Limited.

Bank of Baroda is a buy with a stop loss at Rs 166 for the target of Rs 180.

Bank of Baroda is an Indian state-owned International banking and financial services company headquartered in Vadodara in Gujarat, India. It has a corporate office in Mumbai. Based on 2017 data, it is ranked 1145 on Forbes Global 2000 list.

About MCR World

I started my career as content writer at Money classic Research. I am fascinated with this job and I feel habit of reading and writing enhances your skills. I love to write technical and health blogs. However, I am engineer turned writer and pursued graduation at Rajiv Gandhi Prodyogiki Vishwavidhyalaya.
By: MCR World

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