Goal: Rs 4,800
Cease Loss: Rs 4,450
The inventory has witnessed a breakout above the 21EMA after a chronic consolidation part. On the day by day chart, the RSI has turned upwards with a bullish crossover, indicating strengthening momentum. Sustaining above 4,550 might open up additional upside in the direction of 4,700–4,800 ranges within the close to time period. On the draw back, rapid assist is positioned at 4,450, under which weak point might resurface.
(Rupak De, Senior Technical Analyst at LKP Securities)
