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Lokeshwarri S.K.

The price moved up sharply in the early part of last week to a high of Rs 846. But selling pressure on Friday saw price falling to Rs 801.

The weekly charts continue to look promising. The morning star pattern discussed last week is still relevant. Buying in dips is recommended with a stop-loss at Rs 770. The chart has an upside target of Rs 850 and then Rs 890. The Rs 890- level will be difficult to surpass in the short-term as it is 61.8-per cent retracement of the fall from the high of Rs 1,015.

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