Systematix Shares is bullish on Alstom T&D India, Housing Development and Infrastructure (HDIL) and has recommended to buy both the stocks for target price of Rs 194 and Rs 52 respectively, in its research report dated December 19, 2013.
Systematix Shares' research report
Alstom T&D is trading above its Up- trendline.Volumes are very high since last 2 trading sessions , indicating good accumulation around these
levels.RSI above 60 indicate strong momentum in the stock. Traders can Buy the stock at or above 185 for a target of 194 with a stop loss of 180.
HDIL took support at ita ascending trendline and closed above 20 DMA. High volumes were recorded yesterday . RSI also took support at its previous low of 45 level and bounced to the upside .The stock is expected to continue its uptrend. Traders can the stock Buy on dips at 49 with a stop-loss of 47.50 for a target of 52.
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