Following a decline from the peak of Rs217, the stock appears to have bottomed out. Since February 2014, the stock was moving in falling wedge pattern and yesterday it gave breakout of upper arm of pattern at level 188.00, Stock is also moving along with the support of its 50-DMA. On several occasions, it has bounced back from this critical moving average. We expect stock to resume its previous uptrend.
Momentum Indicator RSI gives breakout of its resistance line with positive crossover as shown in chart signs upward movement of counter.
An Astute Investor 