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    HomeNewsBusinessBuy Kajaria Ceramics, target Rs 600: Abhishek Mondal

    Buy Kajaria Ceramics, target Rs 600: Abhishek Mondal

    Positional traders can buy the stock around current level and add on dips around Rs 555-560 with a stop loss below Rs 526 for a target of Rs 600.

    Moneycontrol News
    May 30, 2018 / 09:56 IST

    Abhishek Mondal

    In the weekly scale, Kajaria Ceramics has taken a support around its 200-DMA and bounced back with moderate volumes, which suggest that the stock has made a temporary bottom around Rs 500 levels.

    The key technical indicators Relative strength index (RSI) and MACD has turned upward which is signaling limited downside in the stock whereas OBV — On Balance Volume is showing an upward momentum.

    Based on the above observations positional traders can buy the stock around current level and add on dips around Rs 555-560 with a stop loss below Rs 526 (closing) for a target of Rs 600.

    Disclaimer: The author is Research Analyst, Guiness Securities. The views and investment tips expressed by investment experts on moneycontrol.com are his own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
    Moneycontrol News
    first published: May 30, 2018 09:56 am

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