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MTF Stock Pick  Buy La Opala Rg Ltd For Target Rs. 350 - HDFC Securities 

TECHNICAL OBSERVATIONS

* Stock price has already broken out on the daily and weekly chart by closing above 250 levels

* 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 while ADX line is placed above 25 Indicating momentum in the current uptrend

* Considering the Technical evidences discussed above, we recommend buying La Opala at CMP of 271.3 and average at 255 for the upside targets of 304 and 350, keeping a stop-loss at 245

Buy La Opala Rg Ltd Up to 3 months  @ Average level 255 CMP 271.3 TGT 350 SL 245

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