Buy Delta Corp, target Rs 260: Aditya Agarwala
Buy Delta Corp Ltd. at a price target of Rs 260.0 and a stop loss at Rs 230 from the entry point.
By ETMarkets.com |
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Aditya Agarwala of Yes Securities has a buy call on Delta Corp with a target price of Rs 260.
The current market price of Delta Corp is Rs 242.20.
Time period given by the analyst is a week when Delta Corp price can reach the defined target.
Aditya Agarwala recommended keeping a stop loss at Rs 230.
"The stock is on the verge of a breakout from the Flag pattern indicating bullishness. Further, it has turned upwards after taking support at the 61.8 per cent Fibonacci retracement level. Therefore, a buy recommendation," Aditya Agarwala said in a report.
The current market price of Delta Corp is Rs 242.20.
Time period given by the analyst is a week when Delta Corp price can reach the defined target.
Aditya Agarwala recommended keeping a stop loss at Rs 230.
"The stock is on the verge of a breakout from the Flag pattern indicating bullishness. Further, it has turned upwards after taking support at the 61.8 per cent Fibonacci retracement level. Therefore, a buy recommendation," Aditya Agarwala said in a report.
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