 "The stock of Piramal Enterprises has provided a breakout from a symmetrical triangle formation on the daily chart")
BUY MOTHERSUMI | TARGET: Rs 120 | STOP LOSS: Rs 108
The stock has formed a strong base at around 103 levels and has witnessed a strong recovery from the same. It has also provided a fresh breakout from a small rectangle pattern on the daily chart. The major support of its 200-DMA is placed at around 100 levels. The momentum indicators and oscillators are in the buy mode on the weekly as well as daily scales which hints at a further positive momentum in the counter. The stock has also witnessed a build-up of a long position with the addition
