02 Dec , 2021 By : Kanchan Joshi
Vijay Kedia portfolio: Ramco Systems share is one of the quality IT stocks, which is available at discounted price these days. In last six months, Ramco Systems share price has depreciated from around rs550 to Rs380 per share levels, logging near 30 per cent dip in this period. However, stock market experts are not bothered by this crash in Vijay Kedia share's price. They are expecting strong bounce back in the counter at current levels.
According to stock market experts, this Vijay Kedia share is looking positive on chart pattern as it has strong support at Rs320 per share levels whereas it has immediate support at Rs370 per stock levels. They advised investors to start buying at current levels and keep on accumulating up to Rs340 levels for short to medium term target of Rs480 levels.
Highlighting the reason for bounce back expected in Vijay Kedia portfolio stock; Ravi Singhal, Vice Chairman at GCL Securities said, "Due to Omicron virus looming over the global markets, global inflation is expected to remain out of control and in such condition IT stocks are expected to remain insulated from this rise in inflation. As Ramco Systems is an IT company available at discounted price, people are expected to throng at this stock leading to sharp upside bounce in the counter in upcoming short to medium term."
Advising short term investors to buy at current levels; Sumeet Bagadia, Executive Director at Choice Broking said, "One can buy this Vijay Kedia stock at current levels for immediate short term target of rs400 to Rs410." The Choice Broking analyst said that those investors who have very small time horizon should take this position maintaining strict stop loss at Rs370 levels.
Calling Ramco Systems share as one of the day trading stocks to buy today; Ravi Singhal of GCL Securities said, "Ramco Systems shares have strong support in Rs320 to Rs340 zone and one should keep on accumulating till the stock is above Rs340 levels, maintaining stop loss at Rs320 levels. In 3 to 6 months time, this IT stock may go up to 440 and 480 levels."
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