Tarmat ltd on a daily chart stock price is making
higher high pattern, also its trading above 20 DMA, indicate stock is well placed
above the support level. On a daily chart stock price at Rs. 52.75 has given
the breakout of the upper level of ascending triangle pattern, indicate stock price
can rally towards Rs. 78 level most likely. Momentum oscillator RSI having 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 at Rs.52.75 for the target of Rs. 78 levels, with Rs 44 stop
loss on closing basis.
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