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Buy Cambridge Solutions; target of Rs 104: IndiaInfoline
IndiaInfoline is bullish on Cambridge Solutions and has recommended buy rating on the stock with a target of Rs 104, in its December 16, 2009 research report.
IndiaInfoline is bullish on Cambridge Solutions and has recommended buy rating on the stock with a target of Rs 104, in its December 16, 2009 research report.
"Cambridge Solutions has shown impressive strength on Tuesday's. The bullish formation is confirmed after the stock gave a positive close (up 9%) despite a sell off in broader indices. In addition, momentum indicators like RSI are exhibiting strong divergence. We recommend traders with high risk appetite to buy the stock in the range of Rs 94-97 for a short term target of Rs 104. A stop loss of Rs 92 should be maintained on all long positions," says IndiaInfoline research report.
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