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Thursday, December 19, 2024 | 05:42 PM ISTEN Hindi

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Mehul Kothari is bullish on Linde India, Saregama; check why

According to the technical analyst from Anand Rathi, Linde India can rally to Rs 3,875; while Saregama can surge to Rs 425.

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technicals

Mehul Kothari Mumbai
BUY
Linde India
Buy Above: Rs 3,575
Target: Rs 3,875
Stop Loss: Rs 3,430

Recently the stock Linde India managed to reclaim its 200 DEMA and has been consolidating. This price action indicates change of trend. The stock is on the verge of a range breakout which might get confirmed above Rs 3,575. A move above Rs 3,575 might result in a strong upside momentum.

Hence, we advise traders to buy the stock above Rs 3,575 with a strict stop of Rs 3,430.

BUY
Saregama
Buy Above: Rs 396
Target: Rs 425
Stop Loss: Rs 380

With regards to Saregama; the stock has a triple bottom formation at Rs 350 mark on

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