While trending up, the stock had conclusively breached its moving average compression (21-, 50- and 200-day moving averages) at around ₹162 in the past week and continues to trend upwards. The stock trades well above these moving averages. The daily has entered the zone from the neutral region and the weekly is on the brink of entering the zone from the neutral region. Also, the daily as well as the weekly price indicators hover in the positive terrain implying buying interest.
There has been an increase in daily over the past three trading sessions. The stock can extend the rally in the upcoming trading sessions and reach the price targets of ₹189 and ₹193. Traders can buy the stock with a stop-loss at ₹177.