Lloyd Electric & Engineering on a daily chart stock price at Rs. 261.25
has given a breakout of symmetrical triangle pattern at Rs. 243 level, indicate
rally will continue towards Rs. 285/320 level. Momentum oscillator RSI is
rising, have more room left on upside, which add more bullishness for the stock
price.
If
one were to go by the volume data, a higher upswing is seen on the stock price.
Trader or investor
can accumulate for the target of Rs. 285/320 level, with Rs. 243 stop
loss on closing basis.
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