The company encountered a short corrective spell, but now finds itself at a strong support zone near Rs 1,390, forming a double bottom pattern that strengthens bias for a recovery. The RSI, having settled after correction, indicates a trend reversal, and charts present an attractive setup for upside movement. Prabhudas Lilladher has recommended price targets at Rs 1,770 and Rs 1,900, with stop-loss protection at Rs 1,270. This implies an upside of 25% from 17 October’s close.
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