Crime Today News
Emami share price have risen sharply over the last couple of weeks. The momentum is strong. The stock has risen over 4 per cent on Tuesday when the broader benchmark indices had declined. This shows the inherent strength in the stock. The rise on Tuesday has taken the share price well above the intermediate resistance at â¹500. This level of â¹500 will now act as a strong support and limit the downside.
Emami share price can rise to â¹580 and â¹600 over the next few weeks. Traders can go long now at â¹527. Accumulate on dips at â¹510. Keep the stop-loss at â¹485 initially. Trail the stop-loss up to â¹540 as soon as the stock moves up to â¹555. Move the stop-loss further up to â¹560 when the price touches â¹570. Exit the stock at â¹585.
(Note: The recommendations are based on technical analysis. There is risk of loss in trading.)
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