LKP Spade : A Weekly Pick - Buy Grindwell Norton Ltd For Target Rs.1915 By LKP Securities
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Grindwell Norton Ltd
* The stock on the daily chart has formed an inverse head and shoulder pattern which is a bullish reversal pattern.
* The momentum oscillators are in the buy zone which confirms the internal strength and the stock is trading above its short term moving averages.
* The RSI on the daily chart is breaking above the level of 60 which will help to accelerate the momentum on the upside.
Buy Grindwell Norton Ltd @ Rs. 1746 Stop Loss Below Rs. 1660 CB Target Rs. 1833/1915 Duration 1 Week
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