Stop Loss: Rs 340
The stock has witnessed a strong rally in the last 3 months and currently, with the overall trend maintained strong, is showing signs of consolidation after the recent correction from the peak zone of 434 levels and is anticipated for another rise in the coming days with a series of higher low formation visible on the daily chart.
The RSI has cooled off from the highly overbought zone and is currently well placed with strength indicated and has the potential to rise further to gain strength.
(Shiju Koothupalakkal – Technical Research Analyst, Prabhudas Lilladher)
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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