ETMarkets.comETMarkets.comETMarkets.comThe Indian market recouped losses and closed in the green on Thursday. It has been taking support above the 5 and 10-day average consistently that is placed at Rs 330 right now.Indicators are still looking for strong momentum and a short-term trader could buy fresh with a stop loss at Rs 330 and a target of Rs 370+.The stock has been trading in the range of Rs 380-430 for the last 7 months but on Thursday it broke out with heavy volumes and has managed to close above the resistance line.MACD has given a crossover above the 0 line to confirm bullish momentum. The stock can be bought with a stop loss at Rs 420 and a target of Rs 495 in the short term. (Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)

Source: Economic Times September 15, 2023 04:32 UTC