Investors with a short-term perspective can buy the stock of Den Networks at current levels. The small-cap stock zoomed 16.7 per cent accompanied by above average volume decisively breaching a key long-term resistance at ₹75 on Wednesday.
Overall, the short-term outlook is bullish. With a minor pause at current levels, the stock has potential to trend upwards and reach the price targets of ₹85 and ₹87 in the ensuing trading sessions. Traders with a short-term view can buy with a stop-loss placed at ₹79.