The counter after finding support around its 200 DMA quickly rebound and captured its short term moving averages. It was facing resistance around 305 and failed to cross the said mark on a closing basis on multiple occasions. However today the counter gave a powerful close above 305 level and formed a strong bullish candle on a daily chart. With other Technical Indicators looking quite bullish it seems that the counter is on the verge of commencing its fresh short term uptrend and challenge its previous high. Traders can bet on the counter 305.6 SL 288 (CLS) TGT 335-342.
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