However technical indicators namely momentum indicators are showing a downtrend and thus one can see stock falling to the levels of Rs 479-Rs 465.
As a strategy one can short the stock as and when the stock falls to the level of 493 as thereafter stock can fall to the level of Rs 479-Rs 465.
However if the stock moves out of the narrow trading range of Rs 500-515, than the stock can rise to the level of Rs 560-Rs 577-Rs 660 over the medium-term.
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