Aug 20, 2010, 11.18 AM IST | Source: Moneycontrol.com

Buy Prism Cement; target of Rs 60.50: IIFL

IIFL is bullish on Prism Cement and has recommended buy rating on the stock with a target of Rs 60.50, in its August 20, 2010 research report.

IIFL is bullish on Prism Cement and has recommended buy rating on the stock with a target of Rs 60.50, in its August 20, 2010 research report.

Prism Cement is about to break through from consolidating flag pattern after prices closing above its 100-DMA yesterday with rise in volumes. The stock also has been making inverted head and shoulder on daily chart and move above Rs56.50 to confirm breakout from its neckline. On downside, Rs54.50 to provide as short term support which corresponds to trough of right shoulder while RSI holding above the levels of Rs50 earmarks inherent strength in the counter. We advise buying the stock above Rs56.50 with stop loss of Rs 54.5 for Target of Rs 60.50, 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 here

READ MORE ON  Prism Cement, IIFL
Set email alert for

ADS BY GOOGLE

Buy & sell politicians on Power Play
- the political stock exchange

Price Update

Rahul Gandhi

580.73 -3.25 -0.56%

34066

Bought today

110958

Sold today

0.14%

User holding

video of the day

Chandra says satisfied with TCS' FY14, FY15 to be better

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.