After the correction, the stock has taken support near the trendline support zone of 1,850 and has indicated a reversal to bottom out. It has also picked up momentum and is currently past the significant 50-EMA level of 1965 to improve the bias. This has signified strength and potential for further upside move in the coming days. The RSI also has indicated a reversal and is going strong justifying our positive bias. With the chart looking attractive, we suggest to buy and accumulate this stock for an upside target of 2250-2300, keeping the stop loss near 1930 level. CLICK HERE FOR THE CHART
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Disclaimer: Vaishali Parekh is technical analyts at Prabhudas Lilladher. Views are personal
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