Stock had initially formed Cup and Handle kind of a chart patter on Daily Time frame and it gave a breakout. Stock is now retracing after giving a breakout. and bouncing from the support zone of 57.25 - 57.55 which was initially acting as resistance. All the moving averages are giving Bullish signals.
Hence it's a good buy at the CMP that is between 58-59.
Possible Targets : T1 - 61.7 T2 - 63.5 T3 - 65.85 T4 - 69.25
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