The stock took support at the horizontal line as well the 21DEMA. Today stock made bullish inverted hammer on a daily chart and it suggests that falling might stop and the stock starts moving up. This is the second time stock failed to break the resistance line placed at 116.70 levels. The first stock had tried in Feb of this year. We are expecting the stock to break the resistance line this time. RSI is neutral.
If stocks open in green then it would be the buy signal.