Technical Outlook & Trading Strategy:-
The share price of Gitanjali Gems Industries appears to have broken out from its rising trendline resistance.
Such a breakout is likely to have positive implications for the stock price. We expect strong advances to occur in the next few sessions and believe that the technical set up suggests that the stock price could test the levels of Rs 334/ Rs 342.
We recommend traders to buy 50% now and again at Rs 315- Rs 317 with a stop loss placed below Rs 310.80 Disclaimer.
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