MTF Stock Pick Buy Prism Johnson Ltd For Target Rs. 149- HDFC Securities
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MTF Stock Pick Buy Prism Johnson Ltd For Target Rs. 149 - HDFC Securities
TECHNICAL OBSERVATIONS
The stock price (Prism Johnson Ltd) as per weekly timeframe chart was moving in an intermediate uptrend over the last one year.
We observe a formation bullish sequence like larger higher tops and higher bottoms over the period of time.
After the decent downward correction down to Rs 123-124 levels in the recent weeks (new higher bottom), the stock price is now ready to bounce back again.
Weekly 10 and 20 period EMA are offering support for the stock price. Weekly 14 period RSI shows positive indication.
The overall chart pattern of Prism Johnson Ltd indicate long trading opportunity. One may look to create positional long as per the levels mentioned above.
Buy Prism Johnson Ltd Up to 3 Months @ Add on dips 127 CMP 134.65 TGT 149 SL 123
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