The stock of KEI Industries was on highlight last week and had jumped 16 per cent. This rally underpins the long-term uptrend of the stock. Since the stock took support at 248 rupees in October 2018, it has been in an intermediate-term uptrend. But, after recording a new high at 532 rupees in May this year, the stock was on a corrective medium-term downtrend until last week.
The short-term outlook is bullish. The stock can continue to trend upwards and reach the price targets of 508 rupees and 520 rupees in the coming trading sessions. Traders can buy the stock with a stop-loss at 477 rupees.