Midcap Medallion: Buy KPR Mills Ltd For Target Rs.740 - Religare Broking
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KPR Mill Ltd
* KPR Mill has been trading in a long term uptrend since 2014. It witnesses more of a time-wise correction, which shows noticeable buying interest during the corrective phase.
* In line with past instances, it has trading with the corrective bias for the last one and a half years, after the phenomenal surge from 160 to a new record high of 769.
* It has recently witnessed a breakout from a consolidation range of 480-625 and is likely to retest the record high soon. We thus recommend creating fresh longs in the mentioned range.
Buy KPR Mill Ltd CMP 665; Range : 660-665; SL 625; Target 740
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