Investors with a short-term horizon can buy the stock at current levels.

The stock of Advanced Enzyme Technologies gained 4 per cent accompanied by above average volume, breaking above a key resistance at ₹178 on Tuesday. This rally has strengthened the short-term uptrend that has been in place from the December 2019 low of ₹155.

While trending up, the stock had conclusively breached its moving average compression (21-, 50- and 200-day moving averages) at around ₹162 in the past week and continues to trend upwards.

The stock can extend the rally in the upcoming trading sessions and reach the price targets of ₹189 and ₹193. Traders can buy the stock with a stop-loss at ₹177.