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After breaching the near term-target of Rs 1,155 on Wednesday, the stock closed the week with a gain of 8 per cent.

Momentum is strong on both the daily and weekly charts.

The stock attained our second target of Rs 1,212 to hit an intra-week high of Rs 1,241. As the price has moved past our outer target, the targets are now revised to Rs 1,287 and then Rs 1,370 for the medium term.

Traders can buy with a stop at Rs 1,180.

Support below Rs 1,180 would be at Rs 1,150.

Lokeshwarri S. K.

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