* The stock rose to 6-week closing high continuing prior up-trend.
* Due to recent rise in the stock, the key technical indicators recovered from their threshold levels and moved upwards.
* On the lower side, the stock will find support at its 50-week moving averages.
* Thus, long position can be initiated in range of 290-286 for the target of Rs330 with a stop loss of Rs 275.
VEDL (PREVIOUS CLOSE: 290) BUY Fresh long position can be initiated in the range of Rs 290-286 for the target of Rs 330 with a strict stop loss of Rs 275.
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