Key Points
Indian stock market: The Indian stock market indices, Sensex and the Nifty 50, closed higher for the third consecutive session, despite varying signals from global markets, on Tuesday, May 14. ..
The medium- to long-term prospects for the Indian stock market remain optimistic, supported by the nation's promising economic growth outlook..
On monthly scale the stock is forming higher lows from past sixteen months and holding strong in spite of market weakness..
It is perfectly holding to its 50DEMA from past many sessions and momentum oscillator Relative Strength Index (RSI) is also holding at higher zones which indicates overall strength in the stock..
Thus looking at the overall chart structure we are recommending to buy the stock with keeping stop loss below 8150 levels on closing basis for a new high target towards 9000 zones..
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