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Published on 3/04/2019 4:26:37 PM | Source: Choice Broking Pvt Ltd

Buy Gruh Finance Ltd For Target Rs.304 - Choice Broking

Posted in Broking Firm Views - Short Term Report| #NBFC #Gruh Finance Ltd #Trading Report #Choice Broking

 

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* On a daily scale, the stock has given a breakout of its upper band of Symmetrical Triangle formation which shows stock may accelerate in coming trading sessions.

* Moreover, the stock is sustaining above its 200 Days Exponential moving average which signifies positive trend in the stock.

* Furthermore, MACD indicator is trading above its average line with a positive crossover which points out for a positive movement in the stock.

* A daily momentum indicator RSI reading is at 64.29 level with a positive crossover and trending upward which points out for a positive breath in the stock.

* Based on the above technical structure, we are expecting an upside movement in the counter in few trading sessions.

Recommendation

Buy Gruh Finance Ltd @ 285.25 SL 276.00 TGT 304.00

 

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