Buy Hindalco Industries, target Rs 255: Rahul Sharma
Buy Hindalco Industries Ltd. at a price target of Rs 255.0 and a stop loss at Rs 242.
By ETMarkets.com |
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Rahul Sharma of Equity99 has a buy call on Hindalco Industries with a target price of Rs 255.
The current market price of Hindalco Industries is Rs 247.60.
Time period given by the analyst is Intra Day when Hindalco Industries price can reach the defined target.
Rahul Sharma recommended keeping a stop loss at Rs 242.
"Stock has formed flag pattern break out on daily chart. We recommend to buy around 247-246 with the stop loss of 242 for the target of 255," Sharma said.
Hindalco Industries, incorporated in the year 1958, is a Large Cap company (having a market cap of Rs 55,561.17 crore) operating in Metals - Non Ferrous sector.
The current market price of Hindalco Industries is Rs 247.60.
Time period given by the analyst is Intra Day when Hindalco Industries price can reach the defined target.
Rahul Sharma recommended keeping a stop loss at Rs 242.
"Stock has formed flag pattern break out on daily chart. We recommend to buy around 247-246 with the stop loss of 242 for the target of 255," Sharma said.
Hindalco Industries, incorporated in the year 1958, is a Large Cap company (having a market cap of Rs 55,561.17 crore) operating in Metals - Non Ferrous sector.
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