The counter has been trading in the range of 249 to 250 for the last few sessions. However during last session it formed a very strong bullish candle on a daily chart. Besides it has been consistently respecting its 20 & 50 DMA on a closing basis. With other technical indicators turning quite bullish we expect the counter to continue its northward journey in near future. 257 is the next major hurdle as per daily & weekly analysis. Any close above 257 and we may see non-stop rally up to 270-275 levels. Reasonable SL is below 240.
Disclaimer: We have already initiated positional long on the counter from 241 levels to our paid subscribers.
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