IGI Logo

Emargin Positional Pick - Buy Heritage Foods Ltd For Target Rs. 630 - HDFC Securities

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

* Stock price is forming bullish higher top higher bottom formation on the daily chart.

* RSI oscillator is placed above 60 and rising upwards, Indicating 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 HERITAGE FOOD at CMP of 505.1 and average at 475 for the upside targets of 570 and 630, keeping a stop-loss at 450

Buy Heritage Foods Ltd Up to 3 Months @ Average level 475 CMP 505.1 TGT 630 SL 450

To Read Complete Report & Disclaimer Click Here

Please refer disclaimer at https://www.hdfcsec.com/article/disclaimer-1795

SEBI Registration number is INZ000171337

Above views are of the author and not of the website kindly read disclaimer