March 28, 2024

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Dhani Companies, Relaxo: Two shares that Gaurav Garg is bullish on

2 min read
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Get Dhani Services Limited (Higher than Rs 365)

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Target: Rs 393&#13
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Stop decline: Rs 345

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The inventory is forming bullish flag pattern on day by day charts, and breaking its resistance may well push the inventory to its 52-week large. It may demonstrate further strength if it moves earlier mentioned 365. The stock is also sustaining above significant transferring averages. We advise shopping for the inventory earlier mentioned 365 for the concentrate on of Rs 393, retaining a end loss at Rs 345 on a closing foundation.

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Acquire Relaxo Restricted (Earlier mentioned Rs 900)

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Focus on: Rs 948

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Prevent loss: Rs 876

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The stock is sustaining at its big resistance. A breakout from the amount of 900 may possibly demonstrate great momentum. Even further, the inventory is also sustaining earlier mentioned its significant shifting averages. It has offered breakout in MACD on day by day charts, signalling a lot more strength in the subsequent couple of weeks. We propose acquiring the stock over 900 for the goal of Rs 948, trying to keep a halt decline at Rs 876 on a closing foundation.


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Disclaimer: Gaurav Garg is Head of Investigate at CapitalVia Worldwide Analysis Limited- Investment Advisor. The analyst does not maintain position in any of the shares pointed out earlier mentioned. Views expressed are own.

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