English
Specials
    Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    Loans
    Loans
    HomeNewsBusinessBuy Khadim India, stock likely to rally towards Rs 845: Hadrien Mendonca

    Buy Khadim India, stock likely to rally towards Rs 845: Hadrien Mendonca

    "We expect Khadim to rally towards its potential target of Rs 845 in the medium term," says Hadrien Mendonca, Senior Technical Analyst at IIFL.

    Moneycontrol News
    May 04, 2018 / 10:12 IST
    Khadim India | Company resumed operations on a limited scale. (Image: Wikipedia)

    Khadim India | Company resumed operations on a limited scale. (Image: Wikipedia)

     
     
    live
    • bselive
    • nselive
    Volume
    Todays L/H
    More

    Hadrien Mendonca

    Khadim India broke out from the Cup and Handle pattern on the daily chart. The breakout aided the stock to retrace and retest the breakout zone.

    Khadim has finally reversed resuming its primary uptrend. The upswing has been accompanied with a smart uptick in traded volumes which further adds to our bullish stance on the stock.

    We expect Khadim to rally towards its potential target of Rs 845 in the medium term.

    Disclaimer: The author is Senior Technical Analyst, IIFL. The views and investment tips expressed by investment expert 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 4, 2018 10:12 am

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347