Rahul Mohindar of Viratechindia is of the view that one can hold Educomp Solutions with a stop loss of Rs 720.
Mohindar told CNBC-TV18, “There is room for some kind of a pullback rally, over the last month Educomp Solutions has really collapsed from the peak. We have almost made a nice support level at about Rs 690, going into the last 5-6 months of data we can see the 690 level has kind of built itself as a triple bottom support, so definitely a pullback rally cannot be ruled out. I would recommend a hold, just keeping in a short term pullback rally in mind. Rs 720 is a good stoploss to hold on with and Rs 875 is a shorter term target but again the stock is at a good support level with a likelihood of a pullback rally, I am not rating this as a clearly strong up breakout to make new highs.”
| NIFTY 
