Buy Lanco Industries on dips: Nirmal Bang
Nirmal Bang Securities has recommended investors to buy shares of Lanco Industries on dips from a short term perspective.
By ET Bureau |
MUMBAI: Nirmal Bang Securities has recommended investors to buy shares of Lanco Industries on dips from a short term perspective.
“On the weekly charts, the stock is forming higher tops and higher bottoms and in the near term if it holds above 78 then we see a target of 85 & then 92 in the medium term. Strong support is seen in the range of 73-69,” said the brokerage firm.
Shares of the company were trading at Rs 78.70, higher by Rs 1.50 or 1.94 per cent on the NSE.
“On the weekly charts, the stock is forming higher tops and higher bottoms and in the near term if it holds above 78 then we see a target of 85 & then 92 in the medium term. Strong support is seen in the range of 73-69,” said the brokerage firm.
Shares of the company were trading at Rs 78.70, higher by Rs 1.50 or 1.94 per cent on the NSE.
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