CMP: Rs 1,411
TARGET: Rs 1,580
STOP LOSS: Rs 1,280
The stock has witnessed a decent correction from the levels of 1,600 to take support and bottom out near 1,280 levels and has currently given a huge positive candle to signify strength and has potential to rise further with a positive bias in the coming days. The RSI also has indicated strength with a steep rise and has signaled a buy. With consistent volume participation witnessed, we recommend a buy in this stock for an upside target of Rs 1,550 – 1,580 levels, keeping a stop loss of Rs 1,280.
CMP: Rs 1,628
TARGET: Rs 1,800
STOP LOSS: Rs 1,550
The stock has indicated a fresh breakout above the consolidation zone with a huge bullish candle pattern to show strength and has made the chart attractive with positive RSI and favorable indicators to support for still more further upward movement. The volume has been tremendous and consistent and we suggest to buy this stock for an upside target of Rs 1,800, keeping a stop loss of Rs 1,550.
Disclaimer: Views expressed are the author's own. She may have positions in one or all of the above mentioned stocks.