Published on 20/03/2017 12:38:03 PM | Source: Reliance Securities Ltd

Buy Container Corporation of India Ltd For Target Rs.1315.00 - Reliance Sec

Posted in Broking Firm Views - Short Term Report | #Transports and Logistics Sector #Container Corporation Of India Ltd #Trading Report #Reliance Securities Ltd


*  The stock is making higher bottoms consistently on its daily charts moving above its short and medium term averages confirming the up move in the coming weeks.

*  The key technical indicators RSI has turned upwards we have seen huge delivery based buying the in the past few days with positive price action.

*  The stock has also poised for a sharp pattern breakout on its weekly charts confirming the up-move in the next few weeks.

*  Thus, for today’s trade, long position can be initiated at 1230 for target of Rs 1315 with a stop loss of Rs 1195.

 

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