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Technical Positional Pick - Buy Huhtamaki PPL Ltd For Target Rs. 325 - HDFC Securities 

TECHNICAL OBSERVATIONS

The attached daily timeframe chart of Huhtamaki India Ltd indicate a larger consolidation movement over the last few months.

Technically, this pattern indicates a formation of accumulation type of pattern. Currently the stock price is making an attempt to stage upside breakout of the consolidation at Rs 298-300 levels.

A sustainable move above this area could open a sharp upside momentum in the stock price ahead.

Daily 14 period RSI is around 60 and is expected to turn up from here. Its move above 60 could mean further strengthening of upside momentum.

The overall chart pattern of HUHTAMAKI indicate long trading opportunity. One may look to create positional long as per the levels mentioned above.

Buy Huhtamaki PPL Limited Up to 3 months @ Add on dips 275 CMP 292.90 TGT 325 SL 268

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