Buy Everonn Education; target of Rs 615: IIFL

11815 Investors following Everonn Edu. Share this News with them.

0

Like this story, share it with millions of investors on M3

Buy Everonn Education; target of Rs 615: IIFL

IIFL is bullish on Everonn Education and has recommended buy rating on the stock with a target of Rs 615 in its January 14, 2011 research report.

Post your opinion here

 

0

Tweet

Share on Tumblr

RELATED NEWS Accumulate GSFC; target of Rs 357: Asit C. Mehta Buy Indraprastha Gas; target of Rs 399: Prabhudas Lilladher Buy Transport Corp; target of Rs 135: Asit C. Mehta ALSO READ See previous views by IIFL See what other Experts & Brokerages are saying about Everonn Edu See messages about Everonn Edu Everonn Edu BSE | NSE 01/06/12 Are Mutual Funds betting on Everonn Edu?

IIFL is bullish on Everonn Education and has recommended buy rating on the stock with a target of Rs 615 in its January 14, 2011 research report.

"Everonn Education has staged a sharp pullback from the support of its 200-DMA this week. In yesterday's session, the stock attempted to break past its 50- DMA with higher-than-average volumes. Despite the volatility in the broader indices, the stock is sustaining above the downward sloping breakout trendline on the hourly chart, suggesting strength in the counter and any move past Rs 595 is likely to accentuate buying momentum in the near term. RSI too has bounced back from the support levels of 35 which favors better risk reward ratio on the bullish side. We recommend high risk traders to buy the stock above Rs 593 with stop loss of Rs 585 for target of Rs 615," says IIFL research report.  

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management.Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

To read the full report click on the attachment