Stop Loss: Rs 412
On a daily chart, the price managed to surpass the previous swing high with good volume, indicating more strength on the upside in the near term. In addition, the price has given a breakout of flag and pole pattern with spurt volume indicating a continue bullish trend. At the same time, the indicator MACD also suggested a positive crossover.
(Vishal Wagh, Research Head, Bonanza Portfolio)
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