We recommend a 'buy' rating on this stock for an upside target of Rs 155. Moreover, higher volumes along with higher price also suggests for further upside move going forward. The throwback fall (downward retracement before next rise) has ended at 200 Day EMA which is protecting the bulls from further damage to the stock price. The stock price has moved up and breached the short-term downtrend line which is an additional bullish trigger. "Buying can be initiated at CMP and add in dips to Rs 390 for the upside target of Rs 455 over the next 2-3 weeks.

Source: Economic Times August 14, 2017 05:37 UTC