Hindustan Dorr-Oliver to do very well above 143.50: Prasad Kushe, Technical Analyst
In case the stock manages to move about today’s high, one will have an upside target of around 163 and then 183.
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| Prasad Kushe, Technical Analyst, Equitytrendz.com, in a chat with ET Now talks about Hindustan Dorr-Oliver.
You have a buy call on Hindustan Dorr-Oliver. This stock did see a downside yesterday. In fact today also it is down by about 1%. Do you see a reversal in the trend?
It is possible. It has a very strong support around 136 to 137 and the stop loss is also pretty close by at around 133.50. In case the stock manages to move about today’s high, you will have an upside target of around 163 and then 183. There is a rumour moving around on this particular stock that there is likely to be a takeover target and maybe that should multiply. Once the stock moves above 143.50, the stock should be doing very well.
You have a buy call on Hindustan Dorr-Oliver. This stock did see a downside yesterday. In fact today also it is down by about 1%. Do you see a reversal in the trend?
It is possible. It has a very strong support around 136 to 137 and the stop loss is also pretty close by at around 133.50. In case the stock manages to move about today’s high, you will have an upside target of around 163 and then 183. There is a rumour moving around on this particular stock that there is likely to be a takeover target and maybe that should multiply. Once the stock moves above 143.50, the stock should be doing very well.
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