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* On a daily scale, the stock has bounced back from of its lower band of Symmetrical Triangle formation which shows stock may accelerate in coming trading sessions.
* Moreover, the stock has bounced back after taking a support of around 277 level which is 78.6% retracement level of its previous move from 261.95 level to 332.50 level which suggests a positive move in the counter.
* Additionally, the stock is sustaining above its 21 Days Exponential Moving Average which shows a positive move in the counter.
* A daily momentum indicator RSI reading is at 49.50 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 Radico Khaitan Ltd @293.50 Stoploss 285 Target 315
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