KNR Constructions looks attractive for long term. Share price 190.
Stock is fundamentally strong and has had normal quarterly results.
Stock is finding support at 200 EMA in weekly charts at 170-180. Have a SL of 160 and accumulate on dips for long term. Mutual funds have seen accumulating the stock to their portfolio.
Stock can test resistance at 240 in less than 6 months due to 200 EMA on daily charts. Above 250, stock will move towards 300 and 330 in less than 18 months.
We will review the sector as a whole sooner.
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