The stock has confirmed major range breakout above 850 mark and that has happened with decent volumes. In addition, the breakout resembles a bullish FLAG pattern on the weekly scale. Thus, we advise traders to buy the stock only on a dip near 850-mark for an upside target Rs 900 in the coming sessions.
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Disclaimer: Mehul Kothari is AVP – Technical Research at Anand Rathi Shares & Stock Brokers. Views are personal.
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