Published on 12/08/2020 12:34:33 PM | Source: HDFC Securities Ltd

Momentum Pick - Buy Kalpataru Power Transmission Ltd For Target Rs. 260 - HDFC Securities

Posted in Broking Firm Views - Short Term Report| #Power Sector #Kalpataru Power Transmission Ltd #HDFC Securities #Trading Report

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Momentum Pick - Buy Kalpataru Power Transmission Ltd For Target Rs. 260HDFC 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 up move in the stock price.

The daily/intraday RSI is showing positive indication.

The overall chart pattern of PEL July Future indicates a short trading opportunity. One may look to create long trading position as per the levels mentioned above.


Buy Kalpataru Power Transmission Ltd Upto 2-7 DAYS  TGT 260 SL 242.8


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