Technical Outlook & Trading Strategy:-
The price of Guarseed has registered an inverted head & shoulders pattern breakout on its intraday charts.
The prices have also registered a close above the neckline resistance placed at the Rs 4490 levels on a closing basis.
The key momentum indicators are trading in bullish mode. Thus, we recommend traders to buy between Rs 4540--Rs 4515 levels with a stop loss placed below Rs 4437 levels for upside targets of Rs 4630 / Rs 4720 levels expected to be achieved in 2-3 sessions.
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