Post short-term correction, the stock is witnessing rangebound activity near 200-day SMA. Currently the stock is witnessing positive consolidation and the short-term formation indicating strong possibility of fresh uptrend rally from the current levels. We are of the view that, unless it trading below Rs 1,415, positional traders retain an optimistic stance and look for a target Rs 1,525-1,550. The fresh buying can be considered now and on dips, if any between Rs 1,450 and 1,425 levels with a stop-loss below Rs 1,415.
MARKET VIEW
OUTLOOK
SECTORS
STRATEGY
VIEW
PERSONAL FINANCE
INSURANCE
INVEST
MUTUAL FUND
GENERAL