Stock Radar: Hatsun Agro hits fresh 52-week high after 1-year consolidation; time to buy?

Experts suggested that medium-term traders can consider buying the dairy product stock, with a potential target above ₹1,500 in 4-6 months. It hit a high above ₹1,200 in August 2023 but the rally lost momentum and the stock stayed in a consolidation phase for the next 12 months. Finding support above the 40-month Exponential Moving Average on the monthly charts, the stock bounced back and hit a fresh 52-week high in July, surpassing the ₹1,300 mark. It reached a 52-week high of ₹1,380 on July 16, 2024.