Woman looking stock market Data on smart phone | Photo Credit: Orientfootage
The stock price is currently above both the 21-day and 50-day moving averages. A minor correction to ₹245, which is the 50-day moving average, may occur.
However, it is expected that the stock will regain positive momentum and rise to ₹275 in the near term. A buy recommendation is advised at ₹253, with an accumulation strategy at ₹245.
Initial stop-loss should be set at ₹238. As the stock approaches ₹262 and ₹268, it is recommended to adjust the stop-loss to ₹255 and ₹262, respectively. Profits should be booked at ₹275.
Note: These recommendations are based on technical analysis; trading involves risks.
