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KEI Industries had a dream run from the October 2005 low of Rs 162 to its April highs of Rs 523.

After a 61 per cent correction post-May, the stock is once more back in the reckoning.

The stock is currently consolidating above its long-term averages. Short-term investors can enter at current levels with a stop at Rs 340. The stock is on course to move upward to Rs 390 and then to Rs 441, where short-term investors can book profits and exit.

Investors with a longer time frame can buy with a deeper stop at Rs 300 and wait for the stock to surpass it previous all-time high of Rs 520.

(Note: The analysis and opinion expressed in these columns are based on the technical analysis of the past price behaviour. The stop-loss level provided with the recommendation is important. The original view would stand negated if the stop-loss level is breached. There is a risk of loss in trading)

Lokeshwarri S. K.

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