The stock has witnessed a decent erosion form the levels of 740 and has bottomed out near 450 levels, indicating a trend reversal. The RSI is also on the rise and has signaled a buy. We suggest to buy this stock for an upside target of Rs 630-650 keeping the stop loss of Rs 460.
Note: All stock prices are in rupee denomintion, unless otherwise stated.
Disclaimer: The analyst may have positions in one or all of the above mentioned stocks. Views expressed are personal.