Comments
Yoganand D Investors with a short-term perspective can consider buying the stock of Kiri Industries at current levels. After recording a multi-year high at ₹675 in January this year, the stock started to decline and was on a medium-term downtrend till early May. Nevertheless, the stock found support at a long-term base in the range between ₹400 and ₹410 in early May, which halted the downtrend. On Tuesday, the stock surged 6 per cent and breached its 21- and 50-DMAs.
The short-term outlook is bullish for the stock. It can extend its upmove and reach the price targets of ₹472 and ₹482 in the forthcoming trading sessions. Traders can buy the stock with stop-loss at ₹443.5.
(Note: The recommendations are based on technical analysis. There is a risk of loss in trading.)
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.