Goal Value: Rs 1065-1120
Cease Loss: Rs 880
The inventory has not too long ago demonstrated a big technical breakthrough, forming a double backside sample on the chart, accompanied by a notable surge in buying and selling volumes. Moreover, it has convincingly surpassed key shifting averages (20, 50, 100 EMA) with sturdy quantity assist, signaling a strong breach of resistance ranges and a possible change in pattern course. Moreover, the momentum oscillator RSI has sharply rebounded from the oversold territory, indicating a notable shift in momentum in direction of the bullish aspect.

(Kunal Shah, Senior Technical & By-product Analyst, LKP Securities)

Adblock check (Why?)