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On the daily chart, the stock has broken its strong resistance zone of 8,578–8,702 and formed a W-pattern breakout. This level had previously been in tight consolidation since February 2025.
There is a high probability that the stock may see an upside move to 9,335 and 9,800, with a stop-loss for this trade at 8,181.
The stock has delivered positive returns of 14.53% in the last six months and 31.7% in the last 12 months.
The stock is experiencing strong buying pressure and has even crossed the 50MA in the volume chart.
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https://economictimes.indiatimes.com/markets/stocks/news/breakout-stocks-how-to-trade-muthoot-finance-bajaj-finance-kotak-mahindra-bank-that-hit-fresh-52-week-high/market-summary/slideshow/119234847.cms
