Mahind. Ugine has started its afterburner.

Mahind. Ugine (BSE code: 504823) has closed above the 200 dma (126.29) with rising volumes and seems to be in a bull grip. CMP is 127.05 and immediate upside is limited to 137. Beyond that 157-160 is possible. Stop loss for all long positions is 120 on closing basis.