Educomp is taking support at trend line joining the lows made in month of September. Also the price is taking support at 20-day EMA which is placed at 620 levels. Falling prices since 07th October has resulted in formation of Bullish 'Flag' pattern on daily charts. With Stochastics in 'oversold' zone long positions in counter can be formed if Educomp closes above 642 quick targets of 680+ can be witnessed (keep a tight stop loss of 620)
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