Key Points
Currently, the stock is in an uptrend and can face minor resistance of the previous higher level of 20.80; once the level is taken out, we can see 26-32 odd levels...
In the last 8-10 days, the stock moved in a range and with a relatively high volume, the price breached the distribution phase on the lower side to make a low of 357 odd levels...
Currently, the price is moving below its previous low of 367 levels which indicates there is a trend reversal in stock and from here more downside can be seen...
The Stochastics Oscillator is moving in a downward trend along with an increase in volume indicating further downside move from here.. Hence one can sell at a rise of 375 and furthermore at a rise of 395 with an SL of 415 on a weekly closing basis and downside we can see a level of 330 to 280 in the next 3-6 months...
Today, with high volume, the price has breached its previous high of 840 and made a new 52-week high of 886 odd levels..
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