FRL is in a long consolidation since last
five months. Many times it happened that it has given a good move of 7 / 8 % in
a day and failed to break out and again fallen into a range. But we have to
take a chance to go long when there is a fair chance to break out and
that too,
with a minimum Stop Loss. Any dip around 76 / 76.50, should be utilized to go
long for the targets of 82 & 85. A strict Stop Loss must be maintained at
74 on closing basis.
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