Buy Titan Ind; target of Rs 1610: IndiaInfoline

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Buy Titan Ind; target of Rs 1610: IndiaInfoline

IndiaInfoline is bullish on Titan Industries and has recommended buy rating on the stock with target of Rs 1610, in its January 20, 2010 research report.

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RELATED NEWS Titan Industries has target of Rs 1560: Shinde ALSO READ See previous views by IndiaInfoline See what other Experts & Brokerages are saying about Titan Ind See messages about Titan Ind Titan Ind BSE | NSE 29/05/12 Are Mutual Funds betting on Titan Ind?

IndiaInfoline is bullish on Titan Industries and has recommended buy rating on the stock with target of Rs 1610, in its January 20, 2010 research report.

Titan Industries continues to be in an uptrend after breaking out from consolidation between range of Rs 1,277-1,485 from last week of December 2009. The momentum indicator RSI is exhibiting positive movement suggesting further upside in the near term. Moreover, volumes have also picked up substantially as the stock breached the upper end of the consolidation range mentioned above. Keeping in mind the above mentioned technical parameters, we recommend traders to buy the stock in the range of Rs 1,520-1,545 with a stop loss of Rs 1,500 for a target of Rs 1,610," says IndiaInfoline research report.

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To read the full report click on the attachment