Lanco Infratech Ltd. CMP—Rs 17.65
Technical Outlook & Trading Strategy:-
The most important observation to be made on the charts of Lanco Infratech is the positive divergence displayed by indicators. They signal that the declining movement of the price could have lost force and in all likelihood give some kind of a bounce back. In the short term we expect the share price to head towards the target of Rs 19 -Rs 20 levels.
We recommend buy at current levels and again on pullbacks to level of Rs.17.30 -Rs 17 with a stoploss placed below Rs 16.40.
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