Technical Positional Pick - Buy Rupa and Company Ltd For Target Rs. 600 - HDFC Securities
Technical Positional Pick - Buy Rupa and Company Ltd For Target Rs. 600 - HDFC Securities
TECHNICAL OBSERVATIONS
Stock price has broken out on the weekly and monthly 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, while ADX has crossed 25, Indicating momentum in the current uptrend.
After a sharp run up during last few days, stock may consolidate but overall set up is very bullish.
Considering the Technical evidences discussed above, we recommend buying Rupa & Company at 484.75 and average at 442, for the upside targets of 543 and 600, keeping a stop-loss at 428
RUPA & COMPANY MONTHLY CHART
Buy Rupa and Company Ltd Up to 3 Months @ Average level 442 CMP 484.75 TGT 600 SL 428
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