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    HomeNewsBusinessBuy Tata Coffee, target Rs 132: Achin Goel

    Buy Tata Coffee, target Rs 132: Achin Goel

    Traders can accumulate the stock in the range of Rs 112-116 for the target of Rs 132 and a stop loss below Rs 108.

    Moneycontrol News
    May 31, 2018 / 12:08 IST

    Achin Goel

    Tata Coffee price has formed a Hammer candlestick pattern on the weekly chart which suggests a possibility of a bullish reversal. An ugly double bottom on the daily chart is expected to act as support for the short term.

    Apart from that, a positive divergence is visible on the weekly RSI (14). Traders can accumulate the stock in the range of Rs 112-116 for the target of Rs 132 and a stop loss below Rs 108.

    Disclaimer: The author is Head of Wealth Management and Financial Planning, Bonanza Portfolio Ltd. 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 31, 2018 12:08 pm

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