Stock to buy today: Vinati Organics (₹1,863.30) – BUY
The upmove in the stock of Vinati Organics is gaining momentum. The 3.8 per cent rise on Monday has taken the share price well above the 200-Day Moving Average (DMA), currently at ₹1,801. Below that there is a trendline support is at ₹1,765. Intermediate dips to these supports are likely to get fresh buyers coming into the market and limit the downside. Moving Average cross over on the daily chart also strengthens the bullish case. Vinati Organics share price can rise to ₹2,150-2,200. Traders can buy Vinati Organics shares now at ₹1,848. Accumulate on dips at ₹1,810. Keep the stop-loss at ₹1,680. Trail the stop-loss up to ₹1,890 when the price goes up to ₹1,930. Move the stop-loss further up to ₹1,980 and ₹2,060 when…
