Diwali Technical Pick 2024 : Buy Himatsingka Seide Ltd For Target Rs. 125 - Nirmal Bang Ltd
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Himatsingka Seide Ltd
* Weekly chart suggests that stock is forming a cup & handle formation and the breakout is seen although weekly closing above the trend line will be more positive for the stock .i.e., confirmation of the breakout.
* Extension suggest that once the stock closes above 162 on weekly basis. It can reach up to 216 levels in a short span.
* Positive RSI Crossover is seen on the weekly charts.
* Therefore, investors can buy the stock at 150 and on dips to Rs 135 for a target of Rs 230 with a strict stop loss placed below Rs 125
Buy Himatsingka Seide Ltd CMP 150 Add On 135 SL 230 Target 125
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SEBI Registration number is INH000001766
