MTF Stock Pick Buy Gujarat State Petronet Ltd For Target Rs. 420 - HDFC Securities
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MTF Stock Pick Buy Gujarat State Petronet Ltd For Target Rs. 420 - HDFC Securities
TECHNICAL OBSERVATIONS
* Stock price has broken out on the daily chart with higher volumes.
* 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
* Plus, DI is trading above -DI while ADX line is placed above 25 Indicating momentum in the current uptrend
* Considering the Technical evidences discussed above, we recommend buying GSPL at CMP of 352 and average at 330 for the upside targets of 388 and 420, keeping a stop-loss at 320
Buy Gujarat State Petronet Ltd Up to 3 Months @ Average level 330 CMP 352 TGT 420 SL 320
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