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    Go long on Lovable Lingerie: Kshatriya

    Go long on Lovable Lingerie, says Vishal Kshatriya, Sr Derivative and Technical Analyst, Edelweiss.
    August 04, 2011 / 08:45 IST

    Go long on Lovable Lingerie, says Vishal Kshatriya, Sr Derivative and Technical Analyst, Edelweiss.

    Kshatriya told CNBC-TV18, "Go long on Lovable Lingerie. It has a strong support of its 50 DMA which is currently placed at Rs 390. Yesterday stock made a low of Rs 390 and exactly bounced back from that level along with good volumes. This indicated there is emerging demand for the stock at the support level. Short term oscillators on daily charts have indicated buy call. I recommend going long in the range of Rs 400-410 with a target of Rs 440. One can maintain a stop loss of Rs 390."

    first published: Aug 4, 2011 08:43 am

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