Buy Kale Consultants for target of Rs 185: Sharekhan

In a chat wit ET Now, Somil Mehta, Sr. Technical Analyst, Sharekhan, talks about the outlook of Kale Consultants.

What is your call on Kale Consultants technically?

Kale Consultants is looking extremely good. It has broken out a triangular pattern but it is the last leg for this stock on the weekly charts and Rs 185 would be a target on a medium-term perspective. That would be the level to watch out for because after that, it will complete a five-wave rally on the upside and will complete its impulsive move. So, in the short and medium term, Rs 185 would be a target with a very strict stop loss of Rs 153.