Equity recommendation: Prince Pipe
CMP @Rs 719
Target: Rs 770
Stop Loss: Rs 690
The stock has resumed uptrend after breaking out of a trendline resistance on good volumes. Technical indicator RSI has turned upwards after taking support at the 60-level suggesting strength in the stock.
BUY | @
Target: Rs 810
Stop Loss: Rs 727
The stock is on the verge of a breakout from a narrow consolidation phase following its recent up move. Further, strong volume build up in the run up before consolidation phase suggests that the breakout should follow. Technical indicator RSI crossing the 60-level is also suggesting a successful breakout is on cards going forward.
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