Technical Positional Pick - Buy Phillips Carbon Black Ltd For Target Rs. 265 - HDFC Securities
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Technical Positional Pick - Buy Phillips Carbon Black Ltd For Target Rs. 265- HDFC Securities
Stock price has broken out on the daily and weekly chart with higher volumes.
Short term trend of the stock is positive where it is trading above its 5 and 20 and 50 day EMA.
Oscillators like RSI and MFI is showing strength in the stock.
Plus DI is trading above Minus DI, Indicating strength in the current uptrend.
Considering the Technical evidences discussed above, we recommend buying the Phillips Carbon between 217.2-218 and average at 202, for the upside targets of 243 and 265, keeping a stop-loss at 195.
Buy Phillips Carbon Black Ltd. Up to 3 months @ Buy between 217.2-218 CMP 217.2 TGT 265 SL 195
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