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The ‘200 EMA’ on daily chart also coincides with the mentioned PRZ. Since the momentum oscillators are showing initial sign of reversals on daily and weekly chart, we advise our clients to buy the stock at current levels and on declines to Rs 245 for a target of Rs 278 and Rs 285. From last few months, the stock is forming ‘Higher Lows Lower Highs’ on the weekly chart..

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