The counter has been in a downtrend for the quite long time. During recent past it posted a swing low around 335 and continued to trade in a narrow range. However during last session it formed a strong bullish candle on a daily chart and managed to move out of its consolidation range with decent surge in volumes without breaking the swing low of 335. Besides the counter has also managed to close above its 20 & 50 DMA. Other technical indicators too looking quite bullish the chances are very bright that the counter has bottomed out and may commence its short term uptrend from here. Trades can bet on the counter 384.4 SL 360 TGT 406-415 in a short term.
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