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* On an hourly scale, the stock has bounced back after taking a support of its upward Rising trendline which indicates that the stock may go up in coming trading sessions.
* Moreover, the stock has started to trade above its 21 Hourly Exponential Moving Average which shows a positive move in the counter.
* On a daily scale, the stock has bounced back from the lower Bollinger Band indicator which hints for a good upside move in the stock.
* A daily momentum indicator RSI reading is at 41.84 level with a positive crossover which points out for a positive breath in the stock.
* Based on the above technical structure, we are expecting an upside movement in the counter in few trading sessions.
Buy Aditya Birla Fashion and Retail Ltd @191 Stoploss 187 Target 198
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