Stop Loss: Rs 1,337
A Channel pattern breakout has been witnessed in the stock on a daily time frame, indicating a bullish trend in the security. The price closed above the horizontal zone of 1340- 1345, forming a bullish candlestick. Gradual volume increase on the day of the breakout indicates that buyers are active in the market. In the momentum area, RSI is trading in an upward trajectory.
(Kunal Kamble, Sr. Technical Research Analyst, Bonanza Portfolio)
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