Buy Unitech for target of Rs 93-99: Sharekhan

MUMBAI: Sharekhan has advised traders to buy Unitech for target of Rs 93-99.

“Buy Unitech at the current market price of Rs 84.5 with stoploss of Rs 80 for targets of Rs 93 and Rs 99. The stock has taken support at its lower trend line and moving towards its upper trend line. The breakout of which will complete its bullish running triangular pattern. The momentum indicator has given a positive cross over thus the immediate target is its downtrend line which is 93,” the report said.

NOTE: Kindly note that all stop losses in Smart Charts Calls are on closing basis unless specified.