The stock has made a more or less higher bottom formation pattern on the daily chart and has bounced back with a positive candle to signal strength and has potential to rise further in the coming days. With the relative strength index (RSI) also showing a trend reversal to signal a "buy" maintaining a positive bias, we suggest to buy and accumulate this stock for an upside target of Rs 150 keeping the stop loss near Rs 125 level.
The stock has been maintaining the base near Rs 2,150 levels which is where the significant 200-DMA moving average lies and has improved the bias with the RSI showing a trend reversal to signal a buy. The overall indicator has been favourable and with good volume participation witnessed, we recommend a buy in this stock for an upside target of Rs 2,300 keeping the stop loss of Rs 2,145.
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Disclaimer: The author may have positions in one or all of the above mentioned stocks. Views expressed are the author's own.
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