Buy Navin Fluorine International, target Rs 850: Gaurav Bissa
Buy Navin Fluorine International Ltd. at a price target of Rs 850.0 and a stop loss at Rs 730 from entry point.
By ETMarkets.com | Updated:
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Gaurav Bissa of LKP Securities has a buy call on Navin Fluorine International with a target price of Rs 850.
The current market price of Navin Fluorine International is Rs 807.15.
Time period given by the analyst is one month when Navin Fluorine International price can reach defined target.
Gaurav Bissa recommended keeping a stop loss at Rs 730.
Investment rationale by LKP Securities:
The stock has been in a structural uptrend since last 4 years.
The stock has been moving in rising channel and is now trading near crucial support levels
The 200DMA of the stock is also placed near channel support.
The current market price of Navin Fluorine International is Rs 807.15.
Time period given by the analyst is one month when Navin Fluorine International price can reach defined target.
Gaurav Bissa recommended keeping a stop loss at Rs 730.
Investment rationale by LKP Securities:
The stock has been in a structural uptrend since last 4 years.
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The stock has been taking support at 50WMA.The stock has been moving in rising channel and is now trading near crucial support levels
The 200DMA of the stock is also placed near channel support.
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