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26 April, 2024 16:26 IST
Two intra-day technical calls from ICICIdirect
Source: IRIS | 17 Sep, 2014, 12.30PM
Rating: NAN / 5 stars.
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Following technical calls have been recommended by ICICIdirect for intra-day trade today.

1. Dr. Reddy's Lab

'Buy' in the range of 3,004-3,008 with target of Rs 3,040-3,064 higher and stop loss Rs 2,987.

Comment: Falling channel breakout in the daily chart and price taking support at the 13 days EMA and stochastic giving buy signal in the daily chart.

2. REC

'Sell' in the range of 273-274 with target of Rs 268.50/266/Lower and stop loss Rs 276.

Comment: Trendline breakdown in the daily chart and price taking resistance at the 50 days EMA and bearish crossover in the 14 periods RSI in daily chart.

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