IGI Logo

MTF Stock Pick - Buy Sudarshan Chemical Limited For Target Rs. 700- HDFC Securities 

* Stock price has broken out from the downward slopping trendline, adjoining the highs of 03-March and 16-April 2021

* Short term trend of the Stock is positive where it is trading above its 5,20- and 50-day EMA

* Oscillators like RSI and MFI is showing strength in the current uptrend of the stock

* Plus, DI is trading above -DI, Indicating strength in the current uptrend

* Chemical stocks looking good on the charts

* Considering the Technical evidences discussed above, we recommend buying the Sudarshan Chem at CMP of 565.10 and average at 520, for the upside targets of 635 and 700, keeping a stop-loss at 500

Buy Sudarshan Chemical Limited Up to 3 Months @ 565.10-570 CMP 565.10 TGT 700 SL 500

To Read Complete Report & Disclaimer Click Here

Please refer disclaimer at https://www.hdfcsec.com/article/disclaimer-1795

SEBI Registration number is INZ000171337

Above views are of the author and not of the website kindly read disclaimer