Technical Outlook & Trading Strategy:-
The price of Guarseed is trading in a narrow range of Rs 4400 to Rs 4460 levels. The key moving average clusters are also providing strong support for the prices on every pullback.
The key momentum indicators continue to trade in bullish mode. We recommend traders to buy on a sustained break above Rs 4462 levels with a stop loss placed below Rs 4407 levels for upside targets of Rs 4530 / Rs 4580 levels expected to be achieved in 2-3 sessions once it registers a break above the levels mentioned above.
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