MTF Stock Pick Buy BASF India Limited For Target Rs. 4299 - HDFC Securities
MTF Stock Pick Buy BASF India Limited For Target Rs. 4299 - HDFC Securities
TECHNICAL OBSERVATIONS
Stock has resumed its primary uptrend after running correction .
Downward Sloping trend-line breakout is seen on the daily chart
Stock has been finding support on its 20 days EMA
Stock has broken out from last 7 days price consolidation
Price breakout is accompanied with rise in Volumes
From 6th August to 11th August stock surged with significant volumes
Indicators and oscillators have been showing strength in the current uptrend
Stock is placed above medium to long term moving averages, indicating bullish trend on all time frames
Buy BASF India Limited Up to 3 Months @ Average Level 3350 CMP 3515.20 TGT 4299 SL 3260
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