Buy Neyveli Lignite for target of Rs 155:Arihant

MUMBAI: Arihant Capital Markets has advised traders to buy Neyveli Lignite for target of Rs 155.

���The 14 days Moving Average of Neyveli Lignite is at Rs 129. On the daily charts, the stock is in buy on RSI and its 14-days RSI is currently at Rs 61 (above 50 is consider to be in strong hands). Neyveli Lignite is looking strong on daily charts and has formed a Double Bottom Pattern on EOD chart. One can buy Neyveli Lignite at around Rs 137.50 with closing below stop loss of Rs 128 for target price of Rs 155,��� the recommendation said.