Buy Educomp for target price Rs 780: Angel Broking
ET Now talks to Shardul Kulkarni, Senior Technical Analyst, Angel Broking on Educomp stock.
By ET Bureau |
ET Now talks to Shardul Kulkarni, Senior Technical Analyst, Angel Broking on Educomp stock.
Educomp was a buy recommendation on Friday, do the charts look that strong you have a target of 780?
Yes, I would say that Educomp stock has bottomed out for the near term at least. We see a clear target of Rs.780. The weekly charts are very strong in this particular counter, it shows a very strong up move in the weeks to come plus the volumes are also very strong.
The formations are quite good beyond the higher levels of probably 730-735 the move will be quite stronger to 780 levels on the lower side you should play stop loss at 660. I would say that any dip probably towards the levels of 700 or to 680 would be a good time to enter back into the stock with stop loss at Rs.660.
Educomp was a buy recommendation on Friday, do the charts look that strong you have a target of 780?
Yes, I would say that Educomp stock has bottomed out for the near term at least. We see a clear target of Rs.780. The weekly charts are very strong in this particular counter, it shows a very strong up move in the weeks to come plus the volumes are also very strong.
The formations are quite good beyond the higher levels of probably 730-735 the move will be quite stronger to 780 levels on the lower side you should play stop loss at 660. I would say that any dip probably towards the levels of 700 or to 680 would be a good time to enter back into the stock with stop loss at Rs.660.
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