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Weekly Tech Picks : Indian Railway Catering And Tourism Corporation Limited

Buy Range: 1840-1804 ; CMP: 1857 ; Stop loss: 1735

* On the weekly chart, the stock managed to bounce from an important support of 1700 (previous breakout levels) indicating confidence within the bulls.

* Rising volumes at important support levels is indicating that accumulation is happening at lower levels.

* The stock is well placed above its 50 day SMA which supports bullish sentiments on medium term time frame

* The daily and weekly strength indicator stochastic has observed a positive crossover which supports rising strength.

* The above analysis indicate an upside of 1996-2060 levels

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