Technical Outlook & Trading Strategy:-
We reiterate our bullish call on the price of Guarseed. The prices have given a strong breakout on the back of a bullish reversal price pattern on its intraday charts.
We expect the upside momentum to continue and reckon that the price is likely to rally towards Rs 4540 / Rs 4575 levels.
Traders who had already entered as per our previous recommendation can taken full profits, while aggressive traders can look to buy on dips between Rs 4440--Rs 4410 levels with a stoploss placed below Rs 4377 levels for upside targets mentioned above.
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