Ansal Properties & Infrastructure

Investors with medium term horizon can consider accumulating the stock of Ansal Properties & Infrastructure . after touching a multi year low of rs 20.60 in march, the stock ended its long term downtrend that commenced on December 2007 peak of rs 469. now it has been on a steady up trend since march. the stock broke out of major key resistance level of rs 74. now it is in bullish territory. there is a possibility to go up to rs 120 in the medium term. if there is any selling interest around current level, try to accumulate in the range of rs 75-74. while maintaining of rs 63 as stop loss. short term investors with high risk appetite can buy with a target rs 97 and with stop loss Rs 80.