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Published on 15/01/2020 11:06:22 AM | Source: HDFC Securities Ltd

Momentum Pick - Buy Mahanagar Gas Ltd For Target Rs. 1120 By HDFC Securities

Posted in Broking Firm Views - Short Term Report| #Mahanagar Gas Ltd #Oil and Gas Sector #HDFC Securities #Trading Report

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Momentum Pick Of Buy Mahanagar Gas Ltd For Target Rs. 1120 - HDFC Securities

*After showing a minor declines/sideways consolidation, the stock price has shifted into an upside bounce today. 

* Currently, the price is making an attempt to show upside move above the key upper resistance.

* The short term trend has turned positive.

*  We observe a formation of positive candlestick pattern as per intraday/daily timeframe chart.

* Volume has started to rise along with the upmove in the stock price.

* The daily/intraday RSI is showing positive indication.

Recommendation

Buy Mahanagar Gas Ltd @1030 - 1048 SL 1015 Target 1120 

 

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