Buy Elecon Engineering with target of Rs 80: LKP

Buy Elecon Engineering with a target of Rs 80, says Rakesh Gandhi, Senior Technical Analyst, LKP.

Gandhi told CNBC-TV18, "Elecon Engineering is very interesting and looking to the charts formation, it is a consolidation formation of last six months and stock has taken a break out and closed above that Rs 77 level which has a potential to go upto Rs 90 level. For today I would buy this stock for a target of Rs 80 with a stop loss of Rs 75 at this point of time." Click HERE to know the rules and follow the score card