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There is nothing new to comment about in this stock. There is a short term up trend in place since the low of Rs 1,262. Our first short-term target of Rs 1,402 was achieved last week. If the stock sustains above Rs 1,360, we can expect it to move towards our second short-term target of Rs 1,463.

For the medium term, the stock can consolidate in the range between Rs 1,250 and Rs 1,450.

Traders can swing trade as the stock oscillates in this range. Intermediate term trend in this stock continues to be positive.

Lokeshwarri S. K.

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