The counter today formed a strong Bullish Engulfing candlestick on a daily chart.
It not only captured its short term moving averages but also managed to close above its 200 DMA.
The volumes were quite higher than average volumes. Other technical indicators too have turned bullish. So at the current level the counter looks HOT.
Bulls dominated the day and looking at the above factors possibility of further upside from current levels can't be ruled out.
Traders can go long on the counter 455 SL 435 (CLS) TGT 480-500.
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