Published on 11/01/2018 5:38:15 PM | Source: Choice Broking Pvt Ltd

Buy IL And FS Transportation Networks Ltd For Target Rs.100.00 - Choice Broking

* On hourly chart, the stock has given a breakout of its downward sloping trend line, which suggests further thrust in the counter.

* Additionally, on an hourly chart the stock has bounced back after taking support of its 50 hourly exponential moving average which signifies strength in the stock.

* Moreover, the stock is trading above its 20 as well as 50 days exponential moving average with ample volume activity which suggests a further northward movement.

* The daily momentum indicator RSI reading is at 65.35 with a with a positive crossover 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.


Buy IL And FS Transportation Networks Ltd @ 92 StopLoss 88.50 Target 100

To Read Complete Report & Disclaimer Click Here

For More choiceindia Disclaimer

Above views are of the author and not of the website kindly read disclaimer