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Published on 28/09/2020 3:14:57 PM | Source: HDFC Securities Ltd

Technical Positional Pick - Buy PNC Infratech Ltd For Target Rs. 200 - HDFC Securities

Posted in Broking Firm Views - Short Term Report| #Real Estate Sector #HDFC Securities #Trading Report #PNC Infratech Ltd

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Technical Positional Pick - Buy PNC Infratech Ltd For Target Rs. 200 - HDFC Securities

Observation:

* Stock Price has taken support at the upward slopping trendline

* Primary trend of the Stock is positive where it is trading above its 200-day SMA

* Accumulation is seen from the month of August month where Volumes are higher during up days

* Stock price is forming bullish higher top higher bottom formation on the daily chart

* Oscillators like MFI & RSI is showing strength in the current uptrend of the stock

* Considering the Technical evidences discussed above, we recommend buying the PNC INFRA between 158.6-160 and average at 147, for the upside targets of 178 and 200, keeping a stop-loss at 142

 

Buy PNC Infratech Ltd @ Up to 3 Months 158.6-160 CMP 158.6 TGT 200 SL 142

 

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