You are here: Home>Collections>Oil India

Oil India may go up to the 465 levels: Prakash Gaba, CFT,

ET Now May 4, 2012, 01.03PM IST

In a chat with ET Now, Prakash Gaba, CFT,, shares his views on Oil India.

ET Now: What is your call on Oil India?

Prakash Gaba: Structurally, Oil India is weak and is sliding down. There is no sign of strength as yet. However, the risk reward ratio is favourable for investors. There is a possibility that it can go up to the 465 levels. But I must say there is no sign of strength. Investors may have a stop below 450. It is a good level for Oil India to bounce back.

-1.09 % -5.25
Vol: 1843 shares traded
-1.01 % -4.85
Vol: 16859 shares traded