Rakshabandhan Technical Pick 2026 by Choice Broking
Prestige Ltd
Buy PRESTIGE @ 1642 & add Upto 1615 for the Target of 1810/1888
PRESTIGE is showing a positive technical structure on the weekly chart after a strong recovery from lower levels. The stock is sustaining above its key moving averages, while the rising weekly trend line and the 50-week EMA are acting as important support levels. The recent consolidation near 1,600 indicates a possible base formation and could support further upside.
Momentum remains supportive, with the weekly RSI placed around 58.05 and holding above the 50 level, reflecting improving buying strength. The stock is currently trading above its key weekly moving averages, highlighting positive trend alignment. A sustained move above the current consolidation zone could support a continuation of the ongoing recovery towards higher levels.
At current levels, buying can be considered in PRESTIGE around 1,642, with additional accumulation on dips towards Rs1,615. The stock has the potential to move towards Rs1,810 and Rs1,888 in the coming period. On the downside. the rising weekly trend line, the 50-week EMA, and 1,520 support zone will remain important levels to watch. Holding above these supports will be crucial for maintaining the positive technical setup.
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