Technical Reasons-
Rounding Bottom - After a continuous downtrend from Jan-18, now stock is showing a rounding bottom formation which confirm accumulation of the stocks by smart investors.
Neckline Breaks - stock prices had already break neckline which confirms a buy to initiate.
Higher High/Higher Low - Price is making higher high/higher low, which confirms at lest a short term reversal.
What we can do-
Buy- at current levels
Target - 1035 levels
stop loss - below 950
Rounding Bottom - After a continuous downtrend from Jan-18, now stock is showing a rounding bottom formation which confirm accumulation of the stocks by smart investors.
Neckline Breaks - stock prices had already break neckline which confirms a buy to initiate.
Higher High/Higher Low - Price is making higher high/higher low, which confirms at lest a short term reversal.
What we can do-
Buy- at current levels
Target - 1035 levels
stop loss - below 950