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Lokeshwarri S. K.

Our assumption that the stock was about to launch in to the C wave of the move from June lows was proved right. This stock gained 11 per cent.

The price has raced past its long-term averages as well as the previous medium-term high of Rs 833. Our first target of Rs 854 has been achieved. The price is now heading towards Rs 933. Some slowdown and consolidation can be expected as the price nears the Rs 900 level. Hold on to your longs with a stop at Rs 851.

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