172@29@17@141!~!172@29@0@53!~!|news|business|markets|buy-filatex-india-target-rs-59-shitij-gandhi-3203211.html!~!|controller|infinite_scroll_article.php
Moneycontrol
Financial Freedom Offer: Subscribe to Moneycontrol Pro and grab benefits worth ₹15,000/-
Last Updated : Nov 21, 2018 11:05 AM IST | Source: Moneycontrol.com

Buy Filatex India, target Rs 59: Shitij Gandhi

Traders can accumulate the stock in a range of Rs 53-54 for the upside target of Rs 59 with a stop loss below Rs 49, says Shitij Gandhi of SMC Global Securities.

Moneycontrol Contributor @moneycontrolcom
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Shitij Gandhi

After taking support at its 200-day exponential moving average Filatex India raised sharply and once again surpassed its short-term moving averages to hold its uptrend with a formation of higher highs and higher lows pattern on daily charts.

Additionally, the stock has also given breakout above the bullish flag pattern in recent sessions which suggest for more upside in prices moving forward. So, traders can accumulate the stock in a range of Rs 53-54 for the upside target of Rs 59 with a stop loss below Rs 49.

Close
Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
First Published on Nov 21, 2018 11:05 am
Sections