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Buy Sudarshan Chemicals; target of Rs 740: SSJ Finance

SSJ Finance is bullish on Sudarshan Chemical has recommended buy rating on the stock with a target price of Rs 740 in its research report dated January 08, 2018.

January 10, 2018 / 17:30 IST
     
     
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    SSJ Finance's research report on Sudarshan Chemicals

    Techno Value Alert is an equity research product of SSJ Finance & Securities Pvt. Ltd. focused on investment ideas derived through technical research and complemented by fundamental research. The investment rationale behind Techno Value Alert works on simple but superior technical research with the objective to attain superior risk-adjusted returns and deliver out-performance to the NSE Nifty Index over an extended time frame of a medium to long term horizon.

    Outlook
    From the above analysis we suggest to BUY Sudarshan Chemical at CMP of 456 and more at 440, stop loss will be at a weekly close below 399, we suggest to book partial profits at 513 and rest we will hold till our target of 740, this gives us a good Risk/reward ratio of around 1:5 and upside of around 62% ideally we could see this upside in 6 months to 12 months period.

     
    For all recommendations report, click here

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    Broker Research
    first published: Jan 8, 2018 01:02 pm

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