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* On a daily chart, the stock has already given a breakout of it's Long Consolidation phase which suggests a northward movement in the counter.
* Moreover, on a smaller time frame, the stock has given a breakout of its Range Bound Movement which indicates a robust upside movement in the counter.
* Apart from this, the stock has taken the support of its 21 Days Moving Average which shows a bounce back movement in the counter.
* A daily momentum indicator RSI reading is at 61.95 level with a positive crossover which points out for a positive breath in the counter.
* Based on the above technical structure, we are expecting a good upside movement in the counter in few trading sessions.
Buy Bharat Electronics Ltd @111.00-111.95 Target 118.65 Stoploss 108.60
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