Over the following weeks, the stock has shown a strong pattern of buying interest, with investors stepping in at lower price points, suggesting consistent support.
The Relative Strength Index (RSI) is currently in a higher range, signaling that the stock is on an uptrend.
Additionally, the price is trading above key moving averages—the 20-day Exponential Moving Average (EMA) is at 6503.19, and the 50-day EMA is at 5732.19. Both of these indicators confirm the stock’s upward momentum.
Looking ahead, any potential dips in the stock price towards the 7000-7200 range could present a buying opportunity.
Investors could expect a potential upward move toward the 7800-8200 range. For those considering an investment, a stop-loss (SL) can be set at 6700 to manage risk effectiv
(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
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