Last close 1018.80
Stock has witnessed longer consolidation period and the narrower the boundaries of the consolidation…….so now the stronger breakout is on card. Consolidations done in this counter…..now it’s a beginning of new bullish trend from hereon. Stock has been in a sideways price movement. There are different consolidation patterns as we will see later: sideways ranges or triangle shaped consolidations. This is one stock has potential for huge gains ahead. Any decline should be considered as best opportunity to buy from here on. We recommend buying keeping stop loss of Rs.1003. Technically we see it zooming to Rs.1045, if crosses and stay above will take this to Rs.1059, Rs.1075.