GATI Ltd on a daily chart stock price is making
higher high pattern, with increase in volumes. Also we witnessed stock price is
trading above the 20 DMA, indicate stock is well placed above the support
level. On chart stock price is on the verge of breakout of ascending triangle
pattern, any trade or closed above Rs. 145 level, stock price can rally Rs. 162 level.
If one were to go by the
volume data, a higher upswing is seen on the stock price. Trader or investor
can accumulate above Rs.145 for the target of Rs. 162 levels, with Rs 136 stop
loss on closing basis.
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