"We expect Khadim to rally towards its potential target of Rs 845 in the medium term," says Hadrien Mendonca, Senior Technical Analyst at IIFL.
Moneycontrol News
Hadrien Mendonca
Khadim India broke out from the Cup and Handle pattern on the daily chart. The breakout aided the stock to retrace and retest the breakout zone.
Khadim has finally reversed resuming its primary uptrend. The upswing has been accompanied with a smart uptick in traded volumes which further adds to our bullish stance on the stock.
We expect Khadim to rally towards its potential target of Rs 845 in the medium term.
Disclaimer: The author is Senior Technical Analyst, IIFL. The views and investment tips expressed by investment expert on Moneycontrol.com are his own and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.