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The price reversed on Thursday from an intra-week low of Rs 855 to soar upward to a high of Rs 913.8 on Friday.

The breakout on Friday was accompanied by a spurt in volumes, which is a good sign.

The price has closed above the immediate resistance at Rs 895.

The short-term trend will remain positive as long as the price maintains above Rs 890.

The price seems headed towards Rs 950 and then to Rs 1,013. Buy on dips with a stop-loss at Rs 890.

Lokeshwarri S.K.

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