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* On a daily scale, the stock has bounced back from of its lower band of Symmetrical Triangle formation which shows stock may accelerate in coming trading sessions.
* Moreover, the stock has bounced back after taking a support of its upward Rising trendline which indicates that the stock may go up in coming trading sessions.
* Additionally, the stock has been sustaining above its 200 Daily Exponential Moving Average which shows a positive move in the counter.
* A daily momentum indicator RSI reading is at 60.74 level with a positive crossover which points out for a positive breath in the stock.
* Based on the above technical structure, we are expecting a good upside movement in the counter in few trading sessions
Buy Finolex Industries Ltd @522.50-519.00 Stoploss 501 Target 565
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