Target: Rs371.50
Stop loss: Rs332
The stock is forming a reversal pattern on daily charts. Breakout from the level of 353 would lead stock to witness more upward movement. It is witnessing bounce from the important 40-DEMA. We recommend buying the stock above Rs 353.20 for the target of Rs 371.50, keeping a stop loss at Rs 332 on closing basis.
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Disclaimer: Gaurav Garg is Head of Research at CapitalVia Global Research Limited- Investment Advisor. The analyst may or may not not hold position in any of the stocks mentioned above. Views expressed are personal.
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