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Lokeshwarri S. K.

The correction of the previous week proved to be short-lived. It made yet another surge forward to record a weekly gain of 5.6 per cent. The chart is strong from a medium-term perspective though a slight slowdown in the momentum was seen towards the close of last week.

The stock is moving up towards the zone between Rs 1,188 and Rs 1,200 in the short term.

Rally above Rs 1,200 will take the price to Rs 1,298. Hold your longs with a stop at Rs 1,095.

Fresh positions can be initiated in dips with the same stop.

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