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* On a daily scale, the stock has bounced from its multiple support line which suggests a bounce back move in the counter.
* On a daily scale, the stock has given a breakout of its falling trend line which suggests a robust upside movement in the counter.
* Additionally, the stock is sustaining above its 100 Days Exponential Moving Average which shows a positive move in the counter.
* A daily momentum indicator RSI reading is at 44.90 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 Bandhan Bank Limited @ 553.00 Target 593.00 Stoploss 532.00
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