LKP Spade : A Weekly Pick - Buy Bharat Electronics Ltd For Target Rs. 106/111 By LKP Securities
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Bharat Electronics Ltd
* The stock price has moved above the recent downward consolidation on the daily chart, indicating a rise in optimism for the stock.
* Besides, the stock has risen above the 21 EMA on the daily timeframe.
* The momentum indicator RSI is in bullish crossover.
* Over the short term, the stock price may continue to move higher.
* On the higher end, resistance is visible at 106/111. A crucial support on the lower end, is placed at 96
Buy Bharat Electronics Ltd @ Rs.101 Stop Loss;96 CB Target Rs. 106/111 Duration 1 Week
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