Buy S H Kelkar & Company Ltd. target Rs 330 : Prabhudas Lilladher

Vaishali Parekh of Prabhudas Lilladher has Buy on S H Kelkar & Company Ltd. with a target price of Rs 330 .The current market price of S H Kelkar & Company Ltd. is Rs 306. Time period given by analyst is month when S H Kelkar & Company Ltd. price can reach defined target. Vaishali Parekh has recommended to keep stoploss at Rs 288.
"The stock has been in consolidation phase for quite a while hovering between the range of 285 and 296 levels and now has produced a positive bullish candle pattern in the daily chart to signify further strength to scale upto 330 levels in the coming days. The RSI has shown a steep rise to signal a buy and with rising volume activity, we recommend a buy in this stock for an upside target of 330 keeping a stop loss of 288," she said.