Re-enter NRB Bearing at 160. Target 200 intact. SL revised to 145 on close.
We had a earlier call on NRB Bearing at 157 for a target of 200 with SL of 135.
We maintain buy and we are strongly bullish on the stock technically and stock is fundamentally good.
With strong support at 150. Stock can move fresh with momentum towards 200 in less than 6 months.
With good quarterly results stock can move towards 230-250 in a year time.
I am Vinoth Kanna, Admin, Gale.in. I am into investing and trading for last 7 years. I love sharing my knowledge and to educate people. I write articles regarding stock market to enlighten people about stock market and also share stock ideas at Gale.in to ensure retail investors of decent profits. You can contact me at firstname.lastname@example.org for stock queries. Have a wonderful time at Gale.in.