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Sell: Rs 3,050
Targets: Rs 2,900/2,850
Stop Loss: Rs 3,200
Targets: Rs 2,900/2,850
Stop Loss: Rs 3,200
The stock is trading in a downtrend with lower high and lower low formations intact. The stock is trading near its 52-week low, which clearly indicates weakness. In the near term, the RSI is in a bearish zone, which will accelerate the selling pressure in the near term.
Analyst: Kunal Shah, LKP Securities
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