New Delhi, April 7 -- Why it's recommended: MACD is trending up and RSI is rising, indicating bullish momentum on the hourly chart.
Key metrics: RSI: Rising, MACD crossover bullish, 52-week high: Rs.736
Technical analysis: Bullish structure forming on the hourly chart; momentum indicators support continued upside.
Risk factors: FMCG sector sensitivity to input cost fluctuations and rural demand trends.
Buy at: Rs.677
Target price: Rs.704- Rs.710 in 2-3 weeks
Stop loss: Rs.668
Why it's recommended: On the hourly chart, the stock has given a rectangle pattern breakout. It is also trading above multiple EMAs, indicating strength in the current uptrend.
Key metrics: RSI: Strong above 60, Volume spike on breakout, 52-week high: Rs.1,15...
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