Prakash Industries hits target of 210. Returns: 80%. Book 50% profits.

Prakash Industries hits target of 210. Returns: 80%. Book 50% profits.

Strong momentum is found in the stock. Stock is likely to correct technically with the market in short term. Book 50% profits. Add on dips towards 180-190 for better risk to reward ratio. Revised Target 260. SL 165. 6 months.

Reference call:

Re-enter Prakash Ind (BSE: 506022) at 117. Target 156. SL 99. 3 months.

Decent Numbers: Prakash Ind. BSE: 506022. Price 140. Revised target 210.

Prakash Industries Breaks strong above 150. Target 210 Intact. SL 140.

 

source http://gale.in/prakash-industries-hits-target-of-210-returns-80-book-50-profits/