Published on 17/06/2019 5:22:10 PM | Source: Choice Broking Pvt Ltd

Buy Vadilal Industries Ltd For The Target Rs.530 - Choice Broking

Posted in Broking Firm Views - Short Term Report| #Food Production #Vadilal Industries Ltd #Trading Report #Choice Broking

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* On an hourly scale, a sudden spurt in the volume has been witnessed during trading session which indicates an accentuate buying in the counter.

* Addtionally, the stock is sustaining above its 21 Hourly Exponential Moving Average which shows a positive move in the counter.

* On a daily scale, the stock has given a breakout of its falling trend line which suggests a robust upside movement in the counter.

* A daily momentum indicator RSI reading is at 38.36 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.


Buy Vadilal Industries Ltd @ 490-487 Target 530 Stoploss 470


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