Srei infra is now in initial stages of the uptrend. The Bollinger bands on weekly charts are in expansion. If the market continues to be benign for the next two weeks then the uptrend in the stock will gather strength.
The first target is a close above 52 and the final resistance is at 64-65, above which there are no significant resistance levels. The stock is in a bull market of its own.
Fundamentally, there are enough triggers for the stock to go up. The current market choppiness is the only hinderance.
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