Vijay Kedia Portfolio: Experts expect this stock to bounce back after 30% crash

According to stock market analysts, this share chart of Vijay Kedia is looking positive on the pattern as it has strong support at low levels. 320 per share level with immediate support 370 per stock level. He advised investors to start buying at current levels and keep depositing till 340 level for short to medium term target 480 levels.

Throwing light on the reasons for the expected rally in Vijay Kedia Portfolio stock; Ravi Singhal, Vice Chairman, GCL Securities said, “With the introduction of the Omicron virus in global markets, global inflation is expected to remain out of control and in such a situation, IT stocks are expected to remain untouched by this rise in inflation. Ramco Systems As this is an IT company which is available at discounted price, people are expecting this stock which will lead to a sharp jump in the counter in the coming short to medium term.

advising short-term investors to buy at current levels; Sumeet Bagadiya, Executive Director, Choice Broking said, “This Vijay Kedia share can be bought at current levels for immediate short term target. from 400 410.” The Choice Broking analyst added that investors who have a very short time horizon should take this position while maintaining a tight stop loss 370 level.

Calling Ramco Systems share as one of the day trading stocks today; Ravi Singhal of GCL Securities said, “Ramco Systems shares have strong support from 320 340 zone and one must keep accumulating till the stock goes up 340 level, maintaining stop loss 320 levels. This IT stock can go up to 440 and 480 levels in 3 to 6 months.”

Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.