The counter after forming a double top around 1476 levels witnessed a very sharp correction. It posted a swing low around 1195 levels and started steady recovery. Today the counter managed to give a very powerful close above its resistance zone around 1436 levels with quite higher than average volumes. The major trends i.e. weekly and monthly look quite bullish. With other technical indicators turning quite bullish we expect the counter to continue its northward journey in near term bucking the over all market trend. The counter seems to be all set to challenge its previous all time high around 1478 levels. Traders can bet on the counter 1440.40 SL 1387 TGT 1650-1680.
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