Bombay Dyeing Ltd. CMP— Rs 369.95
We recommend going long in this counter at current levels.
Technical Outlook:-
The share price of Bombay Dyeing has registered a breakout from its cluster of short term moving averages. Moreover, the overall
technical setup also remains positive. We believe that the stock price could advance to the levels of Rs 385/ Rs 390 in the near
future. The momentum indicators are also in buy mode.
Suggested Trading Strategy:-
Thus, we recommend buying at current price with stop loss placed below `359 levels for the above mentioned targets.
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