Buy Navneet Publications for target of Rs 62: Edelweiss
Navneet Publication has been in continues uptrend since Jan 2010 which is depicted by higher high and higher lows on its daily chart.
By ET Bureau |
MUMBAI: Edelweiss has recommended traders to buy Navneet Publications for target of Rs 62.
“Navneet Publication has been in continues uptrend since Jan 2010 which is depicted by higher high and higher lows on its daily chart. It has broken out its key resistance of Rs 56.5 as depicted by its rising trend line on its weekly chart.
Oscillator on weekly chart depicts bullishness with Stochastic and RSI continued its uptrend after generating bullish crossovers last week.
Buying is recommended at Rs 56.90 with target of Rs 62 and stoploss of Rs 53.90,” the report said.
“Navneet Publication has been in continues uptrend since Jan 2010 which is depicted by higher high and higher lows on its daily chart. It has broken out its key resistance of Rs 56.5 as depicted by its rising trend line on its weekly chart.
Oscillator on weekly chart depicts bullishness with Stochastic and RSI continued its uptrend after generating bullish crossovers last week.
Buying is recommended at Rs 56.90 with target of Rs 62 and stoploss of Rs 53.90,” the report said.
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