The counter had been in downtrend and consolidated around 177 levels. During recent past it moved within the confined range of Rs.177 to Rs.204 and today it broke that range and gave a very powerful close at Rs.208.5. We believe the counter may commence its short term uptrend from here and can kiss Rs.223-226 levels. The counter still has an unfilled gap around Rs.275. Consecutive closes above Rs.226 levels may add further strength and the counter may kiss Rs.275 in medium term. Recommend Buy around Rs.208 with the closing SL of Rs. 187 for the short term TGT of Rs.223-226. Ultimate TGT above Rs.226 seems to be 270-275
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