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01-01-1970 12:00 AM | Source: HDFC Securities Ltd
MTF Stock Pick Buy BASF India Limited For Target Rs. 4299 - HDFC Securities
News By Tags | #214 #2034 #3050 #1660

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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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