LKP Spade : A Weekly Pick - Buy Elgi equipments Ltd For Target Rs.483 - LKP Securities
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* The stock on the daily chart had given a breakout from a cup and handle formation.
* The stock has retested the trend line on the daily chart with strong bullish candle confirming a strong support on the lower end.
* The RSI indicator on the daily chart has given a positive crossover above the level of 60.
* The stock on the weekly chart is trading in a higher top and higher bottom formations and is likely to continue the momentum on the upside.
Buy ELGI EQUIPMENTS Ltd @ Rs. 443 Stop Loss Below Rs. 419 CB Target Rs. 461/483 Duration 1 Week
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