*The stock has seen a good correction from its long term averages and consolidated well in the past few days with positive price action and higher bottoms on daily charts.
* The key technical indicator RSI has also reversed turning upwards confirming the uptrend in the coming days. .
* The stock is consistently trading in band of its averages and with the sector in focus it is likely to outperform in the sector.
* Thus, for today’s trade, long position can be initiated at 1410 for target of Rs 1540 with a stop loss of Rs 1370.
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