Technical Stock Pick Buy Sudarshan Chemical Industries Ltd For Target Rs. 850

07-01-2021 01:08 PM | Source: HDFC Securities Ltd

News By Tags | #1198 #2034 #5404 #3050

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

Technical Stock Pick Buy Sudarshan Chemical Inds Ltd For Target Rs. 850 - HDFC Securities

TECHNICAL OBSERVATIONS

Stock has broken out from last 9 weeks of price consolidation

Stock has broken out from horizontal channel on the daily charts

Volumes during the breakout has been significantly higher than average volume of last one month

Primary trend of the stock has been bullish, as stock has been forming higher tops and higher bottoms

Short term moving averages are trading above medium to long term moving averages

Indicators and Oscillators setup has been bullish on short term and medium term charts

Buy Sudarshan Chemical Inds Ltd Up to 3 months @ Average Level 660 CMP 702 TGT 850 SL 640

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

IGI Logo