Buy Mangalore Chemicals for target of Rs 38-43: Nirmal Bang
Nirmal Bang has advised traders to buy Mangalore Chemicals & Fertilisers for target of Rs 38-43.
By ET Bureau |
MUMBAI: Nirmal Bang has advised traders to buy Mangalore Chemicals & Fertilisers for target of Rs 38-43.
“Accumulate Mangalore Chemicals & Fertilizers on declines from an investment perspective. The stock has given strong breakout above the Rs 32.75 level with significant increase in the delivery volume.
Strong support is seen at Rs 31 levels and the stock is also well placed above all its short and long term moving average. Place stoploss of Rs 31-28 for target of Rs 38-43,” the report said.
“Accumulate Mangalore Chemicals & Fertilizers on declines from an investment perspective. The stock has given strong breakout above the Rs 32.75 level with significant increase in the delivery volume.
Strong support is seen at Rs 31 levels and the stock is also well placed above all its short and long term moving average. Place stoploss of Rs 31-28 for target of Rs 38-43,” the report said.
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