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Lokeshwarri S. K.

After a minor wobble on Monday, the stock recovered to touch an intra-week high of Rs 1,134. The daily momentum oscillators are reiterating the buy signal generated last week. The weekly momentum is, however, showing some signs of slowdown. The 14-week RSI is at an overbought level of 77.

But chart patterns indicate that the price is heading towards our medium-term targets of Rs 1,154 and then Rs 1,215. Hold your longs with a stop at Rs 1,090. Fresh longs can be initiated for trading with the same stop.

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