Gayatri Projects Ltd. went through a series of consolidation phase during the past few weeks but gained the momentum after the volume breakout witnessed during the current trading session.
Despite a sluggish moment in early trading session, the stock gained a momentum after making a low of Rs152 to close with 12 per cent gain on weekly basis.
The technical outlook for stock suggests a strong upward trend with RSI at 65 which supports a further buying regime, while the MACD at 1.49 shows a crossover from its Signal-Line which indicates a bullish rally in upcoming sessions.
Despite a sluggish moment in early trading session, the stock gained a momentum after making a low of Rs152 to close with 12 per cent gain on weekly basis.
The technical outlook for stock suggests a strong upward trend with RSI at 65 which supports a further buying regime, while the MACD at 1.49 shows a crossover from its Signal-Line which indicates a bullish rally in upcoming sessions.
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