MTF Stock Pick - Buy Sudarshan Chemical Limited For Target Rs. 700 - HDFC Securities
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MTF Stock Pick - Buy Sudarshan Chemical Limited For Target Rs. 700- HDFC Securities
* Stock price has broken out from the downward slopping trendline, adjoining the highs of 03-March and 16-April 2021
* Short term trend of the Stock is positive where it is trading above its 5,20- and 50-day EMA
* Oscillators like RSI and MFI is showing strength in the current uptrend of the stock
* Plus, DI is trading above -DI, Indicating strength in the current uptrend
* Chemical stocks looking good on the charts
* Considering the Technical evidences discussed above, we recommend buying the Sudarshan Chem at CMP of 565.10 and average at 520, for the upside targets of 635 and 700, keeping a stop-loss at 500
Buy Sudarshan Chemical Limited Up to 3 Months @ 565.10-570 CMP 565.10 TGT 700 SL 500
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