Stock is cautiously making Higher Highs on Monthly Chart with decent Volumes. Fundamentally Stock is at Fair Valuation of around 8k crs Market Cap, but script can become Over Value also. So keep Trailing Stop losses on current position. SL – 1096 (Weekly Close) If Script crosses 1400 then New Trailing Stop loss should be 1180. Targets – 2.618 Fibo 1566.2 and beyond.
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Trade closed: target reached
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1566 Target achieved on 10th may.
Chart structure still bullish, if one wants to keep riding trend use New Stop Loss as 1409 (Daily Close) New Targets : 1744 and 2033.6