Target: Rs 259
Stop loss: Rs 229
The stock is showing signals of reversal from lower zones and resistance breakout from the levels of 243. The stock is making resistance breakout in daily charts and gave closing above the resistance level. It is trading at its 50-day EMA breakout will result in good upside momentum.
Target: Rs 1,265
Stop loss: Rs 1,212
The stock is trading above all important moving averages. After consolidating in a narrow range, the stock has given a breakout from the resistance from 1,235 levels and further strength from the levels of 1,236 will lead to a bullish movement. We recommend buying the stock at 1,236 for the target of Rs 1,265, keeping a stop loss at Rs 1,212 on closing basis.
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