Buy Videocon for target of Rs 288-294: Religare

MUMBAI: Birendrakumar Singh, technical analyst, Religare Securities is of the view that Videocon Industries has witnessed a breakout on comparatively higher volume. He has advised traders to buy the stock for target of Rs 288-294.

“Videocon Industries has been trading side ways and formed a “Flag” pattern. On Monday the stock witnessed a breakout on comparatively higher volume. Maintain a stop loss of Rs 263 for long position target of Rs 288-295 in 4-6 trading sessions.