Today's pick: Sasken Technologies

| Updated on September 17, 2019 Published on September 17, 2019

Investors with a short-term perspective can buy the stock of Sasken Technologies at current levels. The stock found support at around ₹470 in early August, after a sharp fall in the month of July this year.

On Tuesday, the stock jumped 6.4 per cent. With the recent rally, the stock appears to have changed direction backed by positive divergence in both daily as well as weekly relative strength index.

The short-term outlook is bullish for the stock.

It can extend the up-move, and reach the price targets of ₹564 and ₹575 levels in the short term.  Traders can buy the stock with a stop-loss at ₹530.

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Published on September 17, 2019