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Published on 6/11/2018 4:07:44 PM | Source: Choice Broking Pvt Ltd

Buy Camlin Fine Sciences Ltd For Target Rs.59.00 - Choice Broking

Posted in Broking Firm Views - Short Term Report| #Camlin Fine Sciences Ltd. #Chemicals Sector #Trading Report #Choice Broking

*  On a daily chart, the stock has given a breakout of its Rounding Bottom formation which suggests an upside move in the counter.

*  Moreover, the stock has given a breakout of its multiple resistance line which points out for a bullish move in the stock.

*  Additionally, the stock is sustaining above its 21 Days Simple Moving Average which shows an upside rally in the counter.

*  A daily momentum indicator RSI reading is at 57.92 level with a positive crossover and trading above its oversold zone which points out for a positive breath in the stock.

*  Based on the above technical structure, we are expecting an upside movement in the counter in few trading sessions.

 

Recommendation

Buy Camlin Fine Sciences Ltd @ 54 Stoploss 51.50 Target 59

 

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