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Technical Positional Pick - Buy Eveready Industries India Ltd For Target Rs. 400 - HDFC Securities 

TECHNICAL OBSERVATIONS

* Stock price has broken out on the daily chart with higher volumes.

* Short term trend of the stock is positive where it is trading above its 5 and 20 and 50 day EMA.

* Oscillators like RSI and MFI is showing strength in the stock.

* Plus DI is trading above Minus DI, Indicating strength in the current uptrend. 

* Considering the Technical evidences discussed above, we recommend buying Eveready at CMP of 328.35 and average at 305, for the upside targets of 370 and 400, keeping a stop-loss at 290.

Buy Eveready Industries India Ltd Up to 3 Months @ Average level 305 CMP 328.35 TGT 400 SL 290

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