Buy Sunflag Iron & Steel Company, target Rs 80: Rahul Sharma
Buy Sunflag Iron & Steel Company Ltd. at a price target of Rs 80.0 and a stop loss at Rs 71 from the entry point.
By ETMarkets.com |
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Rahul Sharma of Equity99 has a buy call on Sunflag Iron & Steel Company with a target price of Rs 80.
The current market price of Sunflag Iron & Steel Company is Rs 74.
Time period given by the analyst is 'Intra Day' when Sunflag Iron & Steel Company price can reach the defined target.
Rahul Sharma recommended keeping a stop loss at Rs 71.
"The stock has formed a cup and handle pattern break out on daily chart with huge volume cluster. We recommend to buy around 74-73.5 with the stop loss of Rs 71 for the target of Rs 80," Sharma said.
Sunflag Iron & Steel Company, incorporated in the year 1984, is a Small Cap company (having a market cap of Rs 1348.94 Crore) operating in Iron and Steel sector.
The current market price of Sunflag Iron & Steel Company is Rs 74.
Time period given by the analyst is 'Intra Day' when Sunflag Iron & Steel Company price can reach the defined target.
Rahul Sharma recommended keeping a stop loss at Rs 71.
"The stock has formed a cup and handle pattern break out on daily chart with huge volume cluster. We recommend to buy around 74-73.5 with the stop loss of Rs 71 for the target of Rs 80," Sharma said.
Sunflag Iron & Steel Company, incorporated in the year 1984, is a Small Cap company (having a market cap of Rs 1348.94 Crore) operating in Iron and Steel sector.
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