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The stock of Liberty Shoes surged 6 per cent accompanied by extraordinary volume on Monday, decisively breaking above a key resistance at around ₹137 on Monday. This rally has strengthened the the stock's medium-term uptrend. It hovers well above the 50- and 200-day moving averages. Overall, the short-term outlook is bullish. Targets are ₹148 and ₹151. Traders can buy with a stop-loss at ₹139
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