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Buy Kalpataru Power, target Rs 430: Vinay Rajani

26 December, 2018 4:56 AM
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Buy Kalpataru Power, target Rs 430: Vinay Rajani

We recommend buying the stock at CMP for the target of Rs 430, keeping stop loss at Rs 350 on closing basis, says Vinay Rajani of HDFC Securities.

Kalpataru Power have risen more than 3Â percent with significant jump in volumes. Stock price has witnessed breakout from the horizontal channel on the daily charts. Stock has also seen a breakout from the consolidation on the daily charts. Higher tops and higher bottoms have been forming. Price has been sustaining above super trend indicator on the daily charts.

Source: moneycontrol.com

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