Target Price: Rs 2,650-2,680
Stop Loss: Rs 2,560
The stock surged to a lifetime high of 2,777 before experiencing a sharp correction, finding support near the 61.8% Fibonacci level. Following consolidation at this support, the stock broke out and is now trading above its 21-day moving average. Moreover, the RSI shows an uptick, with a bullish crossover indicating strengthening momentum.
(Kunal Shah, Senior Technical & Derivative Analyst, LKP Securities)
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