Accumulate Manpasand Beverages, target Rs 500: Shitij Gandhi
"Traders can accumulate the stock in a range of Rs 440-450 levels for the target of Rs 500 and a stop loss below Rs 405," says Shitij Gandhi of SMC Global Securities.
Shitij Gandhi
From the past three months, Manpasand Beverages has been trading in a range of Rs 355-425 along with consistent buying at lower levels. However, from the past two weeks, the momentum has been shifted towards the north.
The stock has regained strength above its long-term moving averages on a daily interval. Additionally, we have also witnessed a fresh breakout in prices this week above the Cup and Handle pattern formed on the daily charts which support for the next up move.
Traders can accumulate the stock in a range of Rs 440-450 levels for the target of Rs 500 and a stop loss below Rs 405.
Capital Ways Investment Adviser
605, Industry House , AB road Indore (MP) 452001
info@capitalways.com
Contact Us:- 08517810864
https://www.capitalways.com/
Shitij Gandhi
From the past three months, Manpasand Beverages has been trading in a range of Rs 355-425 along with consistent buying at lower levels. However, from the past two weeks, the momentum has been shifted towards the north.
The stock has regained strength above its long-term moving averages on a daily interval. Additionally, we have also witnessed a fresh breakout in prices this week above the Cup and Handle pattern formed on the daily charts which support for the next up move.
Traders can accumulate the stock in a range of Rs 440-450 levels for the target of Rs 500 and a stop loss below Rs 405.
Capital Ways Investment Adviser
605, Industry House , AB road Indore (MP) 452001
info@capitalways.com
Contact Us:- 08517810864
https://www.capitalways.com/
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