AnandRathi assigns 'buy' to HDIL; target Rs 660
AnandRathi has a 'buy' call on HDIL around the current price for target of Rs 660 and a stop loss of Rs 450.
By ET Online |
MUMBAI: AnandRathi has a ���buy��� call on HDIL around the current price for target of Rs 660 and a stop loss of Rs 450.
Based on the chart pattern developed to date, the stock is likely to get support around Rs 460.
The brokerage suggests accumulating more if the stock comes close to the support level. If it moves above Rs 660 level then it can even touch Rs 730 levels.
HDIL, after a descent consolidation exhibits a trend reversal, rise in RSI from over sold zone indicates a medium term buy.
Based on the chart pattern developed to date, the stock is likely to get support around Rs 460.
The brokerage suggests accumulating more if the stock comes close to the support level. If it moves above Rs 660 level then it can even touch Rs 730 levels.
HDIL, after a descent consolidation exhibits a trend reversal, rise in RSI from over sold zone indicates a medium term buy.
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