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    Stock Radar: Aditya Birla Capital soars 16% in April first week to hit 52-week high; should you buy?

    Short-term traders can look to buy the stock now or on dips for a target of Rs 245 in the next 1-2 months, suggested experts.

    Synopsis

    The stock is trading above the most crucial short- and long-term moving averages such as 5,10,30,50,100 and 200-DMA on the daily charts. This is a positive sign for the bulls. It breached its July 3, 2023, swing high of Rs 199.40 last week. It closed at Rs 204.70 on April 5.

    Aditya Birla Capital, a part of the investment industry, rallied over 16% in a week to hit a fresh 52-week high in the first week of April. The price structure suggests that the rally may not be over.Short-term traders can look to buy the stock now or on dips for a target of Rs 245 in the next 1-2 months, suggested experts.The stock rose from Rs 175.40 on March 28 to Rs 208.80 recorded on April 5, which translates into an upside of over 16% in a
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