Technical Outlook & Trading Strategy:-
On the daily chart the stock has formed a Bearish Harami Candlestick Pattern. Traders should note that a Bearish Harami candlestick formation is a significant bearish reversal candlestick pattern suggesting downside for the stock.
We recommend traders to sell 50% below 421 and again in the range of Rs 423 – Rs 425 levels with a stop loss placed above Rs 433.6 levels for targets of Rs 408 – Rs 400 levels.
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