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Emargin Positional Pick - Buy Linde India Ltd For Target Rs. 2841 - HDFC Securities

* LINDE is in strong uptrend on Major time frame. After making a life high on 23th Sep 2021 it started correcting and halted near 2258 levels which also coincide with bullish trend line.

* Trendline breakout has taken place on daily chart suggest the uptrend could continue.

* Today stock has broken out from tight range of consolidation with volumes.

* It also took multiple support of bullish trend line and resumed its upward momentum along with huge volumes.

* Trend line break out is also observed on RSI (14) on daily chart.

* +DMI & ADX is well placed above 25 level is observed on the weekly chart which indicates that bulls are in control. Primary trend of the stock has been bullish as stock has been forming higher tops and higher bottoms on the weekly charts. Stock is placed above medium to long term moving averages, indicating bullish trend on all time frames.

Buy Linde India Ltd Up to 3 Months @ Average Level 2410 CMP 2537 TGT 2841 SL 2360

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