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Investors with a short-term perspective can consider buying the stock of Gujarat Alkalies and Chemicals at current levels.
The stock jumped 7 per cent accompanied by good volume on Wednesday, breaking above a key near-term resistance level at four-hundred-and-twelve rupees and the 21-day moving average.
The short-term outlook is bullish. The stock can extend the up-move and reach the price targets of four-hundred-and-thirty-eight rupees and four-hundred-and-forty-six rupees in the short term. Traders can buy with a stop-loss at four-hundred-and-twelve rupees.
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