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* On an hourly chart, the stock has given a breakout of its range bound movement which shows further upside movement can be seen in the counter.
* On a daily chart, the stock has given a breakout of its downward sloping trendline which indicates that the stock may go up in coming trading sessions.
* Additionally, the stock has started to trade above its 21 Daily Exponential Moving Average which indicates an upside rally in the counter.
* A daily momentum indicator RSI reading is at 51.72 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 Greenply Industries Ltd @ 138 Stoploss 131 Target 138
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