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Bartronics has target of Rs 166-167: Sukhani

27 Aug 09 10:52 AM
Money Control
Technical Analyst, Sudarshan Sukhani is of the view that Bartronics has target of Rs 166-167.

Sukhani told "We have seen how IT has rallied sharply. Bartronics on the contrary has been going through some kind of a falling wedge which is a bullish pattern. It has been literally sleeping. So it seems reasonable to assume that inspite of what the Nifty could do some of these midcaps will play catch-up. I think Bartronics is a buying opportunity – have a modest target Rs 166-167 for the day traders – for the position trader once it starts moving it could go much higher.”