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CMP
162
Recommended Action
Buy between CMP & 152
Targets
SL*
Rs.188,205
147
Time Horizon
1-2 Months
Note: * Place stoploss as per daily closing basis. Recommended to stagger buying/selling. If first target achieved, then revise stoploss to buying/selling price.
Observations:
Trend of the stock has been bullish with higher tops and higher bottoms on the daily chart Since Feb 2016.
Stock price has broken out from the consolidation that held for last 16 weeks. Stock has surpassed the resistance of 158 on
sustainable basis
Recently stock price has also broken out from downward sloping trend line on the weekly chart. Volumes during tJETBT1 0 0 1 5
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