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Lokeshwarri S. K.

This stock made a recent low at Rs 728 that is 50 per cent retracement of its previous up move from June lows.

The C wave from this low seems to have commenced at Rs 728. The stock is currently struggling to rise above 200 day moving average positioned at Rs 792. A close above Rs 792 would make this stock head towards the medium-term targets of Rs 854 and then Rs 933. The supports for this stock are at Rs 728 and then Rs 700. Fresh longs can be initiated if the price closes above Rs 792 with a stop at Rs 760.

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