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Sharda Motor Industries is above the 200 SMA and expected to reach Rs 700 levels. Also, it is about to breach a previous weekly swing high at Rs 504. It is expected to take a brief halt around Rs 500 levels before resuming uptrend. I will pyramiding my stop losses below recent swing lows in hourly.

Update on 7th July,21 – The scrip crossed Rs 700 levels on 2nd July, 21′. Now consolidating.

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