Buy HCC for target of Rs 150: Reliance Money

MUMBAI: Reliance Money has recommended traders to buy HCC for target of Rs 150.

“HCC is forming a symmetrical triangular pattern on a daily chart. With strong support coming from 200 DMA and positive divergence seen in momentum indicators, we expect the stock to give an upward breakout and test higher levels of Rs 150 in the short term.

Traders can but the stock in the range of Rs 133-135 with a stoploss of Rs 129 and a target of Rs 150,” the report said.