Buy BSE, target Rs 958: Achin Goel

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Traders can accumulate the stock in the range of Rs 850-855 for the target of Rs 958 with a stop loss below Rs 812, says Achin Goel of Bonanza Portfolio.

On the daily chart, BSE has given a falling trend line breakout which says that the stock has just reversed from its downwards trend.


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Also, the stock has moved above the 50 percent retracement level of the previous fall from Rs 873 to Rs 826. Moreover, the price has moved above 21-DEMA one the daily chart which again indication of positive shift of the trend. Daily RSI (14) has entered in a bullish crossover.

Traders can accumulate the stock in the range of Rs.850-855 for the target of Rs 958 with a stop loss below Rs.812.

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