The stock has given a breakout and a retest from its resistance level of 8,016. It has moved up 13% or Rs 923 from its last all-time high breakout of Rs 7,102.
Since the stock has broken out, the potential targets are Rs 8,651 (T1) and Rs 9,516 (T2) in the coming days. Strong support and stop loss are at the Rs 6,809 level, provided the price closes above Rs 8,016.
The stock has delivered a strong performance over the past year, gaining 102%, and 17.40% in the last six months.
The stock is experiencing strong buying pressure and has crossed the 50-day moving average in its volume bar on the daily time frame.
