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