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Gujarat State Petronet Ltd

* GSPL has been consolidating in a zone (255-285) for past three months on the daily chart.

* Recently, it has reached closer to the upper band of the same and likely to witness a breakout.

* The current chart pattern combined with confirmation indicators are also confirming the same.

* We thus suggest initiating fresh longs in the mentioned range.

Buy Gujarat State Petronet Ltd CMP 282.85; Range 279-281; SL 270; Target 298

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