Tuesday, 1 January 2013

Technical view by Nooresh

Technical view by Nooresh

Suprajit Engineering Limited – Long Term Techno Funda Buy – Target Price 40

Posted: 31 Dec 2012 11:09 PM PST

SuprajitEngg thumb Suprajit Engineering Limited – Long Term Techno Funda Buy – Target Price 40

 

-> Suprajit Engineering is one of the best bets in the Auto Ancillary space and has given a 5-6 year cup and handle breakout which would ideally give a target price of 55 in long term but being conservative can expect 40 + in medium term.

 

-> Short term breakout also seen which gives us a target price of 35.

 

Disclosure: Recommended to clients at 30.5-31 today.

 

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