Stop loss: Rs 569
Target: Rs 650
The stock has given a consolidation breakout on the daily chart, suggesting a rise in optimism. Moreover, it has stayed above the important short-term moving average, the 21EMA, for quite some time. The RSI is also turning upward with positive momentum.
Rupak De, Senior Technical Analyst at LKP Securities
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
