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The stock is poised for a breakout following a significant consolidation phase, highlighted by volume-based buying from lower levels. It has demonstrated resilience by rebounding multiple times from its 20-day moving average, positioned at Rs 1,682, signaling strong support from bulls at these levels. The momentum indicator RSI is currently challenging a resistance level at 65 a breach above this could lead to a rapid ascent towards the targeted levels, indicating a potentially strong upward movement in the stocks price.
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