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    HomeNewsBusinessMarketsBuy Nucleus Software, target Rs 420: Nandish Shah

    Buy Nucleus Software, target Rs 420: Nandish Shah

    We recommend buying Nucleus Software for the upside target of Rs 420 and keeping a stop loss at Rs 360, says Nandish Shah of HDFC Securities.

    Moneycontrol News
    October 16, 2018 / 10:32 IST

    Nandish Shah

    HDFC Securities

    After forming multiple bottoms around Rs 340 odd levels, the Nucleus Software price reversed northwards during the last few days to close above its 5-day moving averages.

    The momentum indicators and Oscillators are indicating strength in the stock for the short to medium term. After a sharp rally in the large-cap technology stocks, we believe that the bullishness can spillover to the mid-cap technology stocks.

    Therefore, we recommend buying Nucleus Software for the upside target of Rs 420 and keeping a stop loss at Rs 360.

    Disclaimer: 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: Oct 16, 2018 10:32 am

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