The near-term outlook is bearish for the stock. We re-affirm our sell recommendation
in this counter.
In line with our anticipation, the stock fell during the previous session,
witnessing selling pressure. Initiate new short-position if the counter breaches
Rs 2,500-level, with stiff stop-loss.
Sell the stock in rallies with tight stop-loss at Rs 379.
We reiterate our sell recommendation.
In the last trading session, the stock fell by 4 per cent, experiencing sell
pressure. We recommend a sell.
Utilise rallies to sell the stock with stop-loss at Rs 748.
|Company||LTP (Rs)||Support 1||Support 2||Resistance 1||Resistance 1|
*Last Traded Price
In a sell recommendation, the supports would be the targets and the nearest resistance would be the stop loss; The recommendations would be valid for todays trading only. LTP - Last traded price.