Stock has given #SymmetricalTriangle breakout in weekly TF. RSIStairs forming HH and above 50 on weekly. 155 level is resistance turned support for the stock and may not be broken soon. Stock is a slow mover and will take time before trading higher. Better to invest in cash. Its a dividend paying company with dividend yield of 2.5%. 100% it would outbeat the FD / RD /PPF returns. Attractive to add it to portfolio at current levels with SL of 150 on weekly closing basis.
CMP: 165. Diwali to Diwali target comes around 231. #Invest in the stock with a upside potential of 40% in a year or so.
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