The stock has made a higher bottom formation pattern and is currently picking up momentum. wWe anticipate further upward movement in the coming days. With the RSI confirming a trend reversal, the bias is maintained positive. We suggest to buy and accumulate for an upside positional target of Rs 45-48, keeping the stop loss near Rs 34.
The stock has maintained a good base near 990 levels and has picked up decently on multiple occasions. We anticipate further upward movement in the coming days. The RSI is on the rise with a strong bias and with the chart looking attractive. We suggest to buy and accumulate the stock for an upside positional target of Rs 1200-1250, keeping the stop loss near Rs 1050.
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Disclaimer: The author is analyst at Prabhudas Lilladher and may have positions in one or more stocks. Views are personal.