MOSERBAER has formed a triple bottom at the price of near Rs 88/- and is consolidating between 106 and Rs 90 for some time now.
I expect that a break out of Rs 106.50 ( especially with volumes) will give a target of Rs 132-135 in the short term.
In the medium term one can expect still higher prices.
All longs will need to have a stop at sub Rs 90 levels.
Happy Trading
CA Rajiv D Khatlawala
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