The stock gave a trendline breakout with a strong bullish green candle, gaining 51 points or 6.15% today, with volumes above the 50-day moving average.
Since the stock has given the breakout, the potential targets are Rs 988 (T1) and Rs 1,095 (T2) in the coming days. A strong support and stop loss is placed at Rs 809, provided the stock closes above Rs 902.20.
The stock has delivered a strong performance over the past year, rising 96%, and 76% in the last 6 months. It is experiencing good buying pressure, with volumes crossing the 50-day moving average on the daily timeframe.
