Harchekar told to CNBC TV18, "Prism Cement has given a good breakout from a flat formation and what we believe is the stock is likely to head towards Rs 75-78 in the near term. On the medium term chart the stock has been consolidating well above Rs 64 for quite some time, so since there is a breakout with good volumes we might see a good rally in this counter. So even at these levels, we would advocate buy in this stock with a stop of Rs 60 and target comes in the range of Rs 72-75."
Disclosures: We have recommended these stocks to our clients but I do not have any personal holding.
