Target: Rs 1,625
Stop loss: Rs 1,430
The stock price is in a strong upside momentum over the last few weeks. We observe bullish patterns like higher tops and bottoms over the period of time. Currently, the stock price in an attempt of upside breakout of the crucial hurdle as per change in polarity around Rs 1,520 levels. Volume and RSI patterns are indicating positive bias for the stock price ahead.
Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.
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