LKP Spade, Weekly Pick - Buy Sumitomo Chemical India Ltd For Target Rs. 335 - LKP Securities
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* Stock is trading in rising channel and recently prices are bouncing after touching its lower band of the channel.
* Decent volume activity has been seen every time it try bounce from lower band.
* Both momentum indicator RSI & MACD are ranging in positive territory.
Buy Sumitomo Chemical India Ltd @310-312 TGT 335 Stop Loss Below Rs. 296 CB Duration 1 Week
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