Target Price: Rs 460-500Stop Loss: Rs 370The stock has developed a strong base on the weekly chart, with recent dips being purchased aggressively, evident from high trading volumes. It is on the brink of a breakout from a daily chart perspective, challenging a significant resistance zone at 426.Additionally, the momentum indicator RSI has surpassed the 60 mark, indicating an acceleration of momentum in the near term. This points towards a potentially bullish phase if the stock successfully breaks past the resistance.(Kunal Shah, Senior Technical & Derivative Analyst, LKP Securities)
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Market Trading Guide: IDFC First Bank, Bharat Dynamics among 7 stock recommendations for Thursday – Stock Ideas
