ETMarkets.com|Aug 22, 2018, 01.50 PM ISTThe current market price of LT Finance Holdings is Rs 186.30.Nagaraj Shetti of HDFC Securities has a buy call on LT Finance Holdings with a target price of Rs 200.The current market price of LT Finance Holdings is Rs 186.30.Time period given by the analyst is one month when LT Finance Holdings price can reach the defined target.
Nagaraj Shetti recommended keeping a stop loss at Rs 170."LTFH has shifted into a larger consolidation band in the last couple of weeks.
The stock price has moved into a narrow band between Rs 183-Rs 173 levels during this period.
This pattern is indicating a bullish flag type pattern.
Normally, bullish flag patterns are an indication of a temporary pause of upside momentum and they are uptrend continuation patterns.
Hence, a sustainable upside breakout of Rs 182-83 levels is expected to strengthen upside momentum in the stock price.
Daily trend strength indicator like 13-period ADX and +DMI are signaling a possibility of upside breakout in the stock price soon.
Buying can be initiated in LT Finance Holdings at the current market price, add more on dips up to Rs 175, hold for the upside target of Rs 200 for the next 3-4 weeks.
Place a stop loss at Rs 170," Shetti said in a report.Read this article inHindiBuy Aurobindo Pharma, target Rs 720: Nagaraj ShettiBuy Divi's Laboratories, target Rs 1,225: Nagaraj ShettiBuy Engineers India, target Rs 230: Nagaraj ShettiBuy Manappuram Finance, target Rs 127: Nagaraj ShettiBuy Havells India, target Rs 610: Nagaraj ShettiCommenting feature is disabled in your country/region.Disclaimer: This recommendation is analyst's own and does not represent those of economictimes.com ETMarkets.com.
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