Dear sir, Good day can you please advice if I continue to hold Indoco? what would be likely target price. Also what movement do you see on Emami, should I buy at CMP of 335 or wait to come down.

2020-08-14 12:31:17

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    Senior Analyst
    2020-08-14 16:40:03

    INDOCO has resistance around 270 levels and On the lower side support at 230-235 levels. Currently trading at 247 levels and once breaks 270 on closing basis good upside moves can be seen in stop loss. But as market is over bought and trading at higher levels. We suggest you to maintain stoploss around support levels. As far as EMAMI is concerns as we mentioned overall market looks over bought and does not provide margin of safety so wait for some correction in market to enter EMAMI.