Buy Cochin Shipyard Ltd. target Rs 610 : Prabhudas Lilladher

Vaishali Parekh of Prabhudas Lilladher has Buy on Cochin Shipyard Ltd. with a target price of Rs 610 .The current market price of Cochin Shipyard Ltd. is Rs 554.2 Time period given by analyst is month when Cochin Shipyard Ltd. price can reach defined target. Vaishali Parekh has recommended to keep stoploss at Rs 542.
"The stock has been indicating a strong support at 535 and now with a positive candle pattern formed signify strength and we anticipate a good run from here on to scale till 610 with a positive bias. The RSI has also improved and has indicated a trend reversal to signal a buy. With volume participation improving, we recommend a buy in this stock for an upside target of 610 keeping a stop loss of 542," she said.