Buy HPCL; target of Rs 392: IIFL

19631 Investors following HPCL. Share this News with them.

0

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

Buy HPCL; target of Rs 392: IIFL

IIFL is bullish on Hindustan Petroleum Corporation (HPCL) and has recommended buy rating on the stock with a target of Rs 392 in its September 23, 2011 research report.

Post your opinion here

 

0

Tweet

Share on Tumblr

RELATED NEWS Buy Cummins India; target Rs 685: Firstcall Research Buy Shree Gan Jewel; target of Rs 200: Sunidhi Securities Buy Sutlej Textiles; target of Rs 245: Sunidhi Securities ALSO READ See previous views by IIFL See what other Experts & Brokerages are saying about HPCL See messages about HPCL HPCL BSE | NSE 31/05/12 Are Mutual Funds betting on HPCL?

IIFL is bullish on Hindustan Petroleum Corporation (HPCL) and has recommended buy rating on the stock with a target of Rs 392 in its September 23, 2011 research report.

"Hindustan Petroleum Corporation (HPCL), with crude price moving lower, the strength is clearly visible in most of oil marketing companies. On the hourly chart HPCL has given breakout from triangle pattern above Rs372 and as long stock sustains above same , the levels of Rs400 is very likely. The daily RSI has take support at 9 DMA and is showing formation of inverted head and shoulder. We advise buying stock above Rs 376 with stop loss of Rs 368 for target of Rs 392. (Duration 7 days)," says IIFL research report.

What stocks does Morgan Stanley hold?

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies 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