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Published on 15/04/2019 3:47:28 PM | Source: Choice Broking Pvt Ltd

Buy Take Solutions Ltd For Target Rs.160 - Choice Broking

Posted in Broking Firm Views - Short Term Report| #IT Sector #TAKE Solutions Ltd #Trading Report #Choice Broking

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* On an hourly scale, the stock has given a breakout of its upper band of Falling Channel formation which indicates a bull run in the counter.

* On a daily scale, the stock is bouncing back after taking a strong support of around 136.50 level which is 50% retracement level of its previous move from 117.95 level to 155.05 level which suggests a positive move in the counter.

* Moreover, the stock is sustaining above its 100 Days Exponential moving average which signifies positive trend in the stock.

* A daily momentum indicator RSI reading is at 57.53 level with a positive crossover which points out for a positive breath in the stock.

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

Recommendation

Buy Take Solutions Limited @ 145.50-144.50 SL 138.00 TGT 160.00

 

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