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MTF Stock Pick Buy Heritage Foods Ltd For Target Rs. 580 - HDFC Securities 

TECHNICAL OBSERVATIONS

* Stock price has broken out on the daily chart with higher volumes.

* Stock Price is forming higher top higher bottom formation on the daily chart

* 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 Mastek at CMP of 2122 and average at 1980 for the upside targets of 2375 and 2600, keeping a stop-loss at 1910

Buy Heritage Foods Ltd Up to 3 Months @ Average level 430 CMP 464 TGT 580 SL 415

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