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Mar 15, 2012, 12.10 PM IST
IIFL is bullish on Max India and has recommended buy rating on the stock with a target of Rs 195 in its March 15, 2012 research report.
IIFL is bullish on Max India and has recommended buy rating on the stock with a target of Rs 195 in its March 15, 2012 research report.
“Max India has given an upside breakout after consolidating in rounding bottom formation which resembles bullish structure. Also, yesterday the stock closed above its 200-DMA for the first time since third week of February 2012. On the oscillator front, RSI is suggesting more upside from the current levels. We advise buying the stock above Rs185 with stop loss of Rs180 for an immediate target of Rs195. (Duration 4 days),” says IIFL research report. Public holding more than 90% in Indian cos 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.
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