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The stock hit a high of Rs 999.8 on Monday before weakening slightly to an intra-week low of Rs 965.

We have the first red candle on the weekly chart since its July low of Rs 684. This stock is losing momentum in the short term. But, the medium-term outlook continues to be positive.

The weekly support is at Rs 966 and then at Rs 945. Traders can buy on dips with a stop at Rs 960.

There can be a rally to Rs 1,020 in the short term. But investors need to stay cautious as the stock nears its all-time high.

Lokeshwarri S. K.

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