Nagarjuna Constructions has given a breakout of rectangular consolidation pattern during which it has been moving in a band of Rs.30 for nearly 6 months. Breakout has happened on Friday's close with a rise in volumes. The stochastic has however given a negative crossover indicating mild short term weakness, however the medium term looks good. Investors could look to buy at lower levels for gains in the intermediate term.
Target : 210
Stop Loss : 175
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