Stock to buy, July 14 -- Indian brokerage firm, Anand Rathi Investment Services, disclosed its bullish stance and predicted a 15% upside for the Venus Pipes & Tubes shares in the upcoming one-month period.
Anand Rathi's stock report highlighted that the shares of the iron and steel products maker have witnessed a clean breakout from a weekly inverse head-and-shoulder pattern, along with strong volume, indicating a shift in the trend sentiment.
The brokerage firm also said the current RSI is placed near the 58 level, which is further supporting the bullish bias of the stock.
"The RSI on the weekly timeframe has reversed from the 50 level and is currently placed near 58, further supporting the bullish bias," said the analysts at Anand Ra...
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