MIC Electronics Limited (NSE: MICEL) - Weekly Analysis

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The stock was in downtrend broke the falling trendline with strong momentum, has shown strong rally and after a profit booking expected to continue the momentum.

Entry : 59 to 64 Range
Stoploss: 55
Target: 70, 83, 104 and above.
Book profits as per your risk and reward.

Recent News: The company has been in the news for signing a Memorandum of Understanding (MoU) with TOP2 PTE Limited of Singapore to accelerate India's semiconductor ecosystem. This is a significant positive catalyst that is likely driving the recent rally.

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