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BUY ROSSARI BIOTECH LTD | TARGET: Rs 1,560 | STOP LOSS: Rs 1,360
ROSSARI BIOTECH has been in a secular uptrend and is placed well above all the major exponential moving averages on the daily charts, suggesting inherent strength in the stock. Alongside, it formed a strong bullish candle in the last trading session on the back of an increase in average traded volumes, affirming the bullish stance. On the oscillator front, 14 period RSI has been trading in higher region post positive crossover assuring the strength in the up move and the stock seems to test the uncharted territory.
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