Research Head (MONEY MAKER RESEARCH & INVESTMENT ADVISOR PVT LTD) is having a view that one can go long in PRAKASH IND.
PRAKASH is strong on daily Charts & Ascending triangle formation is formed which is supported by bullish cross over in KST and good numbers at CCI shows bullish movement a head therefore I would suggest to buy above 212; this can see upside to levels closer to Rs 221 – 225 zones, keep stop loss below Rs 195. Stock has been gaining for the last 7 days and has risen 22.51% in the period & Outperformed Sector by 1.30%. PRAKASH was closed 3.54 percent up today at Rs 209.40 at NSE
Tomorrow Trading Recommendation
BUY PRAKASH Above Rs 212 Target Rs 221-225 SL Rs 195.
Last call update
Buy VARUN BEVERAGES above 650 (29 Dec 2017),
TGT: 700 (TGT achieved on 2 JAN 2018)