The counter witnessed a very sharp bounce back from its strong support area around 238 marks. It quickly captured its short term moving averages on a daily chart and is consistently respecting them on a closing basis. It seems that it has developed a classical Falling Wedge Chart Pattern on a daily chart. With other technical indicators looking quite bullish we expect the counter to challenge its 200 DMA in a near term. Traders can bet on the counter 263.35 SL 252 (CLS) TGT 275-278.
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