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SELL PEL | TARGET: Rs 1,130 | STOP LOSS: Rs 1,240
The stock has breached its major support of the 200-day simple moving average which is placed at 1,240 which will now act as an immediate hurdle. It is also making a lower top and lower bottom formation on the daily chart. The momentum oscillator MACD has provided fresh sell crossover on the weekly scale which hints at further weakness in the counter.
SELL L&TFH | TARGET: 52 | STOP LOSS: 59
The stock has provided breakdown from a double-top formation, which was placed at 59 levels. It is also making a lower
