The Security has recently breakout from a consolidation zone. The Security after giving a breakout target was achieved. Security is trading at higher levels once the security closes above 54 we are expecting more buying to come in the security, a retracement can be seen in the security. We advise to buy the security between 52.80-53, with a sl of 52.35.

The security is trading above the EMA which is indicating a positive move, we expect the security to retrace to 50day EMA and take support at the EMA.

The DMI+ is trading above DMI- which indicates positive direction and ADX trading above both DMI+ and DMI- shows strength in the move.

Wesfarmers

KUNAL KAMBLE

Feb 02 2022