Diwali Picks Syrma SGS Technology Ltd Target Rs.1970 - 2120 by Prabhudas Lilladher Ltd
Syrma SGS Technology Ltd
Buy Syrma SGS Technology Ltd CMP (Rs) 1525 Target (Rs) 1970 - 2120 Stoploss (Rs) 1290
The stock has overall maintained a strong uptrend with series of higher low formation visible on the daily chart, and with currently after the short period of correction has taken support near the previous low of 1390 zone and has indicated a decent revival to improve the outlook and can anticipate for another fresh round of upward move in the coming days to carry on with the positive move further ahead. The RSI is well placed having indicated a positive trend reversal to signal a buy with upside potential visible and the chart technically looking good, we suggest to buy and accumulate the stock for the upside targets of 1970 and 2120 levels keeping the stop loss of 1290 level.
Please refer disclaimer at https://www.plindia.com/disclaimer/
SEBI Registration No. INH000000271
