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Sundaram Beak,Has broken out of channel.
Now at support.
The stock can be bough with SL of 624 on closing basis.
Target 700/730 and more.
Buy Sundaram Brake Linings, SUNDRMBRAK, above 550 on CLOSING basis on a day chart.
I am looking to enter after a small pull back near 418 with stop of 405 for Target of 465
It will take 1 to 2 Week to reach the target , A Good Opportunity for short term holding with limited risk
If price fails to hold the 407 then i will look for another bottom or support area to enter with small stop
Sundaram Breaks is at support zone. With Fib Support also near.
One can start accumulating this stock from current levels and on any dips till 340
Long term( 1 Year) Target 500