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KEC International may test Rs 171: Ashish Kyal

Ashish Kyal of avesstrategy.com feels that KEC International may test Rs 171.

November 18, 2015 / 15:10 IST
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Ashish Kyal of avesstrategy.com told CNBC-TV18, "KEC International has continued to move on the upside and it has also broken above the barrier Rs 150 levels where it was finding resistance previously. So, the uptrend should continue on this stock and one should maintain a stoploss of Rs 143.50 on downside and target can be expected at Rs 171 on the upside and the momentum should continue from here.""The next buy is on Strides Arcolab because this stock has formed a very strong pivot low near Rs 1,200 and showed a very good momentum. On the upside also formed higher high and higher low which is a precursor to determine whether the trend is positive or not. So, we think that the stock can move towards the target of Rs 1,490 on the upside and the stoploss has to be maintained at Rs 1,317 on the downside," he added.

first published: Nov 18, 2015 03:09 pm

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