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Here's why Mehul Kothari expects up to 10% rally in KPR Mill, Thermax

According to the technical analyst from Anand Rathi, KPR Mill can rally to Rs 640, while Thermax can surge to Rs 2,400.

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Mehul Kothari Mumbai
BUY
KPR Mill
Buy Near: Rs 600
Target: Rs 640
Stop Loss: Rs 580

Earlier we recommended KPR Mill near Rs 570 and the target of Rs 595 is already met. During the process; the stock has confirmed fresh range breakout above Rs 600 mark.

Also the stock has managed to close well above the 200-day simple moving average and that adds move conviction to the bullish outlook.

Thus, we advise traders to buy the stock near Rs 600 for an upside target of Rs 640 in the coming sessions.

BUY
Thermax
Buy Near: Rs 2,220
Target: Rs 2,400
Stop Loss: Rs 2,120

Since the past few months; Thermax has been consolidating in

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First Published: Aug 19 2022 | 8:19 AM IST

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