India Infoline keeps BUY on Hanung Toys

India Infoline keeps BUY on Hanung Toys
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First Published: Mon, Mar 23 2009. 10 29 AM IST
Updated: Mon, Mar 23 2009. 10 29 AM IST
A detailed analysis of the volumes of Hanung Toys reveals that the traders in this stock have displayed maximum interest since January 2009.
Prior to the breakout last week, the stock moved in a range between Rs25 and Rs32 since last few weeks. It made several attempts to get past the levels of Rs32.
The daily momentum oscillators i.e. RSI and MACD are suggesting strength in the upmove.
Keeping in mind the above-mentioned evidences, we suggest high-risk traders to BUY the stock between the levels of Rs31-33 with a strict stop loss of Rs28.5 for a short-term target of Rs38.
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First Published: Mon, Mar 23 2009. 10 29 AM IST
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