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This stock soared past our second short-term target to hit an intra week high of Rs 662.

But nervousness seemed to grip the counter as it neared its previous record high of Rs 679. Though the short-term trend turned down on Thursday, the medium-term outlook continues to be positive. The near-term supports for this stock are at Rs 610 and then Rs 580.

Traders can hold their long positions with a stop at Rs 605. Further longs should be avoided on a fall below Rs 580, as it would signal the commencement of an intermediate-term down trend.

Lokeshwarri S. K.

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