Mar 15, 2012, 12.08 PM | Source: Moneycontrol.com
IIFL is bullish on Power Grid Corp and has recommended buy rating on the stock with a target of Rs 116 in its March 15, 2012 research report.
, IIFL |
“Power Grid Corporation has given a breakout from descending trendline above Rs110 which has reinforced positive move in the counter. The stock has also managed to closed above two consecutive doji stars which appeared on Monday and Tuesday trading session confirming the range breakout. However this breakout remains valid as long stock sustains above the support of Rs110. We recommend buying Power Grid corporation below Rs110 with stop loss of Rs107 for target of Rs116.(Duration 7 days),” says IIFL research report.
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 here