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Sunday, December 22, 2024 | 11:31 AM ISTEN Hindi

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Mehul Kothari recommends these 2 stocks on 'Symmetrical Triangle' breakout

According to the technical analyst from Anand Rathi, Godfreh Phillips can jump to Rs 1,320, while Zydus Wellness can be bought for a target of Rs 1,860.

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Mehul Kothari Mumbai
BUY
Godfrey Phillips
Buy Near: Rs 1,220
Target: Rs 1,320
Stop Loss: Rs 1,170

The stock Godfrey Phillips has confirmed a major breakout which resembles a bullish 'Symmetrical Triangle' pattern. The recent price action was supported with heavy volumes. Even the daily and weekly RSI are positively placed which indicates positive momentum.

Thus, we advise traders to buy the stock on dips near Rs 1,220 for a target of Rs 1,320 in the coming sessions.

BUY
Zydus Wellness
Buy Near: Rs 1,720
Target: Rs 1,860
Stop Loss: Rs 1,650

Similar to Godfrey Phillips even Zydus Wellness has a 'Symmetrical Triangle' pattern breakout on the daily chart. The price action is supported with

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