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* On a daily chart, the stock has given a breakout of its previous resistance which shows further upside movement can be seen in the counter.
* Moreover, the stock has bounced back after taking a support of its upward Rising trendline which signals for a bull run in coming trading sessions.
* Furthermore, the stock has started to trade above its 21 Days Exponential Moving Average which shows a positive move in the counter.
* A daily momentum indicator RSI reading is at 50.82 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 Prakash Industries Ltd @ 88.70 Stop Loss 85.50 Target 95
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