Buying range: Rs 274
Stop loss: Rs 267
Target: 282-290
The stock has experienced a strong breakout on the daily chart, accompanied by a sharp surge in volumes. It has taken support at its 20-day moving average (20-DMA), which is placed at 267, providing a cushion in case of declines.
Stop loss: Rs 267
Target: 282-290
The stock has experienced a strong breakout on the daily chart, accompanied by a sharp surge in volumes. It has taken support at its 20-day moving average (20-DMA), which is placed at 267, providing a cushion in case of declines.
Additionally, the momentum indicator RSI has given a positive crossover, confirming the buy signal on the daily chart.
Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
