Buy Lanco Infratech above Rs 18.5: Abhijit Paul

Buy Lanco Infratech above Rs 18.5, says Abhijit Paul, Brics Securities.

Paul told CNBC-TV18, "Lanco Infratech is in a downtrend in all time frames but I sense that the support range of Rs 17 and 18 should hold the stock. Look to buy once the stock moves above Rs 18.5 that is where it moves into a short term uptrend. Use a stop loss of Rs 16.5 and on the upside targets are at Rs 20.5 and 22."