Technical Positional Pick - Buy Huhtamaki PPL Limited For Target Rs. 325 - HDFC Securities
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/06/550cc8812f30d5ff1959e5bdaf42ad5b.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
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
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
![](https://portfolio.investmentguruindia.com/uploads/news/Axis Securities Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Kedia Bullion Outlook.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Industry04.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Kedia Bullion Outlook.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/jainam share consultant.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Kedia Advisory.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Ministryfinance010324.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/ICICI Direct IMAGE.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/shein.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/geojit Financial Services.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/95f11bf3e1fc515ff0aed747520314dc.jpg)
Nifty registers best week in 2 months after rising for 6 consecutive sessions
![Midcap index rose more than the Nifty while Smallcap index rose less even as the advance decline ratio was up at 1.49:1 - HDFC Securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/75edce1399be6eb60b35089fc7edd6e2.jpg)
![USDINR Sept fut. facing resistance at 82.90, the horizontal line showing multiple tops - HDFC Securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/8d7e61aba9d23e598971d1fc095f2985.jpg)