* On a daily chart, the stock has given a breakout of its Rounding Bottom formation which suggests an upside move in the counter.
* Moreover, the stock has given a breakout of its multiple resistance line which points out for a bullish move in the stock.
* Additionally, the stock is sustaining above its 21 Days Simple Moving Average which shows an upside rally in the counter.
* A daily momentum indicator RSI reading is at 57.92 level with a positive crossover and trading above its oversold zone which points out for a positive breath in the stock.
* Based on the above technical structure, we are expecting an upside movement in the counter in few trading sessions.
Buy Camlin Fine Sciences Ltd @ 54 Stoploss 51.50 Target 59
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