G M BREWERIES LTD

Buying idea in GM Brew

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Stock has broken its 2018 level with good volume candle. Breakout of almost 7 years. stock is in upward trend. D+W+M RSI above 60. If we see the weekly chart, the stock has retested its resistance level of 750 and again started moving up. Monthly chart is very strong and can see an upmove of 2100 levels within 1-2 years. short term view is 982 and 1300 (For 6 months to 9 months)

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