THE COUNTER AFTER FORMING A BASE AROUND 35 LEVELS WITNESSED A SHARP BOUNCE BACK. TODAY IT BROKE ITS DOWNTREND CHANNEL RESISTANCE LINE MANAGED TO GIVE A CLOSE ABOVE ITS RESISTANCE LINE. WITH INDICATORS LOOKING STILL BULLISH THE COUNTER MAY SHOW INTRADAY STRENGTH IN SESSIONS AHEAD. RECOMMEND BUY AT 44 WITH CLOSING SL OF 42.5 TGT 48-50 IN A SHORT TERM.
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