The stock is forming bullish flag pattern on daily charts. If it breaks its near-term resistance, placed at 175, it might lead to a strong momentum. The stock is also sustaining above its important moving averages. We recommend buying the stock above 175 for the target of Rs 191, keeping a stop loss at Rs 166 on closing basis.
The stock is showing signs of reversal from its important support zone placed at 1200. It might show further strength if it moves above 1,262. The scrip is also sustaining above its important moving averages. We recommend buying the stock above 1,262 for the target of Rs 1375, keeping a stop loss at Rs 1,215 on closing basis.
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