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McDowell Holdings surpassed its previous swing high and also reclaimed its 200-DMA placed at Rs 570 levels.
BUY | MCDOWELL-N | TARGET: Rs 620 | STOP LOSS: Rs 545
The stock surpassed its previous swing high and also reclaimed its 200-DMA placed at Rs 570 levels. It has also provided a fresh breakout from a symmetrical triangle formation and a conservative target for the same is coming around Rs 650 levels. The momentum indicators and oscillators are in the buy mode on the daily as well as weekly scales which hints of further positive momentum in the counter.
BUY | STAR | TARGET: Rs 740 | STOP LOSS: Rs 669
First Published: Nov 20 2020 | 08:24 AM IST