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Mar 06, 2012, 02.17 PM IST
IIFL is bullish on Uflex and has recommended buy rating on the stock with a target of Rs 145 in its March 6, 2012 research report.
IIFL is bullish on Uflex and has recommended buy rating on the stock with a target of Rs 145 in its March 6, 2012 research report.
“UFlex has advanced by over 5% and closed above all its short-term moving average, suggesting continuation of an intermediate uptrend. Moreover, the swift movement in the stock was backed by impressive volumes. The stock has broken out from the overall base-like pattern formed during the past two weeks. In fact, the last trading sessions represents a high level bullish congestion area between Rs132-135. Based on the abovementioned technical evidences, we recommend traders to buy the stock above Rs135 for target of Rs145. A stop loss of Rs130 is recommended on all long positions,” 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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