Comments
The short-term outlook for the stock of TTK Prestige is bullish. The recent bounce from the low of ₹924.55 made in the last week of September has happened from near a strong trend line as well as moving average support. This indicates that the uptrend that has been in place since June this year is intact.
The region between ₹935 and ₹930 will be strong support now. The stock can rise to ₹1,135 in the next two-three weeks. Traders can go long at current levels. Accumulate on dips at ₹955.
Keep the stop-loss at ₹915. Trail the stop-loss up to ₹1,010 as soon as the stock moves up to ₹1,060. Move the stop-loss further up to ₹1,050 as soon as the stock touches ₹1,090 on the upside. Book profits at ₹1,120.
(Note: The recommendations are based on technical analysis. There is risk of loss in trading.)
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.