Federal Mogul Goetze – BUY : Indiainfoline

India Infoline in it’s recent research report elaborates that “ The stock technically is a compelling buy for two reasons – i) it is above its 200-DMA, and ii) consolidating at the neckline of an inverted head & shoulders pattern. It sets the stock up for target of Rs175 in the medium term. Daily oscillators are also showing signs of an upward movement”

CMP Rs142, Target Rs175, Upside 20.4%

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