 "Technical Analysis")
Coromandel International Limited
Recommendation: Buy
Last Close: Rs 827.05
Initiation range: Rs 820-830
Target: Rs 885
Stop loss: Rs 800
We're seeing noticeable traction in the fertilizer pack and Coromandel looks set to join the move now. It has been consolidating in a range while holding firmly above the support zone of long term moving average (200 EMA) and trading on the verge of a breakout. We thus recommend creating fresh longs in the mentioned zone.
HDFC Life Insurance Company Limited
Recommendation: Buy
Last Close: Rs 733.15
Initiation range: Rs 730-735
Target: Rs 765
Stop loss: Rs 718
Recommendation: Buy
Last Close: Rs 827.05
Initiation range: Rs 820-830
Target: Rs 885
Stop loss: Rs 800
We're seeing noticeable traction in the fertilizer pack and Coromandel looks set to join the move now. It has been consolidating in a range while holding firmly above the support zone of long term moving average (200 EMA) and trading on the verge of a breakout. We thus recommend creating fresh longs in the mentioned zone.
HDFC Life Insurance Company Limited
Recommendation: Buy
Last Close: Rs 733.15
Initiation range: Rs 730-735
Target: Rs 765
Stop loss: Rs 718
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