Technical Positional Pick - Buy Hemisphere Properties India Ltd For Target Rs. 169 - HDFC Securities
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Technical Positional Pick - Buy Hemisphere Properties India Ltd For Target Rs. 169 - HDFC Securities
TECHNICAL OBSERVATIONS
* The attached daily timeframe chart of Hemisphere Properties India Ltd indicate an uptrend today, after the minor consolidation movement of the last few sessions.
* Currently, the stock price is making an attempt to stage upside breakout of the down trend line resistance at Rs 158-160 levels.
* Hence, a sustainable move above Rs 160 levels could open a sharp upside for the stock price in the near term.
* Daily 14 period RSI is placed near 60 and is likely to stage upside breakout of 60 levels.
* Volume has started to pick up while the stock price moves higher.
* The overall chart pattern of HEMIPROP indicate long trading opportunity. One may look to create positional long as per the levels mentioned above.
Buy Hemisphere Properties India Ltd Up to 3 Months @ Add on dips 144 CMP 153.10 TGT 169 SL 140
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