Moser-Baer Ltd. CMP—Rs 38.45
Technical Outlook & Trading Strategy:-
The share price has rebounded strongly from its support level of Rs 37.50 levels.It has shown a reversal bar at this level, suggesting that the bottom is in place.We expect the stock price to continue its upward movement and believe that it could test levels of Rs 39.80 / Rs 41 shortly.
We recommend buy above Rs 38.80 levels with a stoploss placed below Rs 37.80 levels.
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