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SBI Cards, Syngene International: Two stocks that Gaurav Garg is bullish on

The stock of Syngene International is also sustaining above its important moving averages

The stock of SBI Cards may soon surpass its 52-week high level of Rs 1,002.5 apiece
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The stock of SBI Cards may soon surpass its 52-week high level of Rs 1,002.5 apiece

Gaurav Garg Mumbai
Buy SBI Cards and Payment Services Limited (Above Rs 980) 
 
Target: Rs 1,025
 
Stop loss: Rs 955
 
The stock is forming a 'bullish flag' pattern on daily charts, and breaking its resistance. This might push the stock to its 52-week highs of 1,002.05. The stock might also show further strength if it moves above 980. It is also sustaining above its important moving averages. We recommend buying the stock above 980 for the target of Rs 1,025, keeping a stop loss at Rs 955 on closing basis.
 
Buy Syngene Limited (Above Rs 623)

Target: Rs 654
 
Stop loss: Rs 600

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