Schneider Electric Infrastructure stock has been consolidating in a narrow range of ₹1,160-1,250 over the last month. Last week, it broke out above resistance at ₹1,250, indicating that bulls are gaining traction. The price is now above both the 21- and 50-day moving averages.

Video Credit: Businessline

The outlook has turned positive, and we expect the scrip to gain more from here. The nearest resistance is at ₹1,430. But we expect the stock to surpass this level and appreciate to ₹1,500 over the medium term.

Therefore, we suggest buying the stock now at ₹1,275 and accumulating on the price dips to ₹1,235. Place a stop-loss at ₹1,120. When the stock rises to ₹1,430 and ₹1,475, revise the stop-loss to ₹1,330 and…