Buy Rallis India, target Rs 240: Dharmesh Shah

Dharmesh Shah, Head Technical at ICICI Direct is positive on Rallis India. The expert has advised traders to buy the stock with a target of Rs 240 and maintain a stop loss at Rs 200 in intra-day trade. The stock has touched a high of Rs 217.95 and low of Rs 215 so far in trade. The scrip has been trading moving its crucial moving averages.It has been taking support from its 20-day moving averages since early March.