LKP Spade : A Weekly Pick - Buy Mahanagar Gas Ltd For Target Rs.916 By LKP Securities
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Mahanagar Gas Ltd
* On the daily chart, the stock has given a falling trend line breakout which suggests a rise in optimism.
* Besides, the stock has sustained above its important short term moving average. The daily RSI is in bullish crossover.
* Over the short term the stock is likely to remain strong. On the lower end support is visible at 790.
Buy Mahanagar Gas Ltd @ Rs. 820-830 Stop Loss Below Rs. 784 CB Target Rs. Rs. 872/916 Duration 1 Week
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