Technical Pick : Anant Raj Ltd for Target Rs.755 by Prabhudas Lilladher Ltd

Anant Raj Ltd
Buy Anant Raj Ltd CMP 607 target of 755 and a stop loss at 555
ANANT RAJ LTD, the stock recently has indicated a huge spurt with huge volume participation witnessed improving the bias and currently with a clear breakout above the descending channel visible moving above the important 200 period SMA with significant volume participation visible to strengthen the trend, one can anticipate for further rise in the coming days. The RSI is on the rise showing strength and can carry on with the positive move further ahead. With the chart technically well positioned and attractive, we suggest to buy the stock for an upside target of 755 keeping the stop loss of 555 level.
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