IIFL is bullish on ICSA India and has recommended buy rating on the stock with a target of Rs 157 in its July 13, 2010 research report.
"On the daily chart, ICSA India has given a bullish breakout. It suggests that its short-term trend has turned up. Over the last three weeks, the stock was consolidating in the range of Rs 140-148. On Monday, the stock advanced from the low of Rs 144. The upmove was well supported by healthy volumes, which suggest accumulation. Further, supportive technical oscillators are also positive. We recommend traders to buy the stock above Rs 150 for an initial target of Rs 157. It is advisable to maintain a stop loss of Rs 147," 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.
