Technical Positional Pick - Buy Aarti Drugs Ltd For Target Rs. 960 - HDFC Securities
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Technical Positional Pick - Buy Aarti Drugs Ltd For Target Rs. 960- HDFC Securities
Aarti Drugs has been consolidating in a range between the 620-808 for the last several months. Last week, the stock broke out of this range on the back of above average volumes, which augurs well for the uptrend to continue.
Technical indicators are giving positive signals as the stock is trading above the 20 day and 50 day SMA. Momentum readings like the 14-day RSI too have started climbing, which is a positive signal for the coming sessions.
With the intermediate technical setup too looking positive, we expect the stock to gradually move higher in the coming weeks and therefore recommend a buy.
Our entry levels with stop loss and targets have been mentioned above.
Buy Aarti Drugs Ltd Up to 3 months @ Buy between 770-789 CMP 781.35 TGT 960 SL 700
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