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The price bounced off its 200-day EMA yet again last week. The downward bias in this scrip continues, as the resistance at Rs 527 is not yet overcome.

A move beyond Rs 527 will take the price to Rs 543 or Rs 572 in the short-term.

A range-bound move is expected in this counter next week with price moving in a band between Rs 543 and Rs 470.

Hold on to your long positions with a stop-loss at Rs 468. Support below Rs 468 will be at Rs 450.

Lokeshwarri S.K.

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