Lanco target price around 205 to 210: Angel Broking
ET Now talks to Shardul Kulkarni, Senior Technical Analyst, Angel Broking on stock picks.
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| ET Now talks to Shardul Kulkarni, Senior Technical Analyst, Angel Broking on stock picks.
Coming on Lanco Infra and Nirma, technically what's your take?
For Nirma, I would say that yes, we are seeing a good engulfing pattern forming on the weekly charts. So this bounce can easily take the stock towards the 205-210 levels, so I would say that yes you can go long in Nirma, the stop loss on the lower sides will be at around 168 levels, the upside targets would be around 205 to 210.
That is a possibility in Nirma. LITL, that is one stock that yes, we have been positive. On the lower side, we see strong supports in this particular counter at around 40-43 levels. So any dip in this stock is again a buy. We would say that presently in the near term, we can say a little bit of downtrend, probably a correction up to 46 or 45 levels but it is a good time to enter into the stock. Our upside overall target remains at around Rs. 60.
Coming on Lanco Infra and Nirma, technically what's your take?
For Nirma, I would say that yes, we are seeing a good engulfing pattern forming on the weekly charts. So this bounce can easily take the stock towards the 205-210 levels, so I would say that yes you can go long in Nirma, the stop loss on the lower sides will be at around 168 levels, the upside targets would be around 205 to 210.
That is a possibility in Nirma. LITL, that is one stock that yes, we have been positive. On the lower side, we see strong supports in this particular counter at around 40-43 levels. So any dip in this stock is again a buy. We would say that presently in the near term, we can say a little bit of downtrend, probably a correction up to 46 or 45 levels but it is a good time to enter into the stock. Our upside overall target remains at around Rs. 60.
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