Lovable Lingerie can test Rs 420-425, says Shardul Kulkarni, Sr. Technical Analyst, Angel Broking.
Kulkarni told CNBC-TV18, "Going by the volumes as well as looking at the way in which the price action has taken place in today's trading session it makes sense to buy Loveable Lingerie on every dip. We are seeing volumes over 15 lakh shares on the BSE and this particular trend is likely to continue."
He further added, "As long as the stock stays above Rs 325-330 it makes sense to go long. I would expect the stock to test the Rs 420-425 mark in the next 5-8 trading sessions."
Disclosure: We may have positions in the above counter.
