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The scrip hit an intra-week high of Rs 938 last Monday and spent the rest of the week moving sideways. The oscillators in the daily and weekly chart are signalling a sell, indicating lack of momentum in this stock. The bearish engulfing red candle in the weekly chart too points towards some volatile times for this stock next week.

Hold on to your long positions with a stop at Rs 867. Refrain from initiating fresh longs if the price falls below Rs 870. The stock could then be heading for Rs 808.

Lokeshwarri S. K.

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