Buy, above Rs524, Target Rs546, SL Rs513: In
yesterday’s session, the stock surpassed the resistance line of Rs521
on the daily chart drawn from peak of second week of October 2012 and
has sustained above it. The above level also coincides with its 200-DMA.
In October, on three occasions, the stock had failed to cross over this
critical moving average. The daily RSI has been quiet encouraging and
is expected to improve from hereon as the stock continues to make higher
top and higher bottom. (Duration 25 days).
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