Buy Tata Global Beverage | Target ₹ 358-361 | Arijit Banerjee

Goodluck Capital Recommendation:

• Buy Range - 329-335,
  
• Target - 358-361,
  
• Stoploss - 324,
  

Maintain recommended stoploss by daily closing basis.
Once 1st Target hit, reset stoploss at 350.

Technical Observations (Weekly)

• Looking at the weekly chart we have seen, the stock is moving in a strong uptrend by making higher highs, higher lows following a crucial downtrend breakout in April 2019.
  
• The stock has seen a spectacular rally from the bottom of around 180 and hit a fresh all-time high of 343.3. This recent close also crosses above the previous high 328.75 registered two years ago Jan 15, 2018.