LANCO INFRA:
- Buy at around 15.95 - 16 which corresponds with the Fibo 38.2% retr line
- Keep a stop loss at 14.5 closing basis
- Target 18.5 in about 5-6 weeks which roughly is the Fibonacci 61.8% retracement level.
- Buy at 25-26 (Fibo 38.2% retr level)
- Keep a stop loss at 22 closing basis
- Target 29.5 (roughly Fibo 78.6% retr level) in about a month.
- Buy at 14.5-15. (Fibo 50% retr level)
- Keep a stop loss at 13.5 closing basis
- Target 17 (Fibo 100% retracement level) in less than a month from now.
Note: The time frames mentioned above are rather conservative ones. The stated targets could be achieved earlier depending upon how the macros pan out going ahead.
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