SHANKARA - Is in the bottom of the channel in the weekly timeframe. The stock has been trading in the channel for 4+ years and takes support at the bottom of the channel. It is back to the bottom of the channel and has been in the accumulation phase for the past 15 weeks.

The risk-reward is looking very handsome and the company has stable fundamentals.

CMP: 744.40
Stoploss: 663
Target: 930


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