The stock gave a breakout on the upside after breaking out from a downward corrective channel. This channel was formed when the stock entered a corrective phase and remained under broad consolidation. Weekly MACD
continues to remain in a continuing buy mode. Weekly RSI
remains neutral and is seen marking higher bottoms. The stock suffered a classical throwback post the breakout and is now seen attempting to resume its up move. A candle with a long lower shadow emerged after a throwback occurred. It remains significant as it emerged near the support level
of 50-wMA. We may see stock seeing upward revision in prices over coming days. Any move below 575 will be negative for the stock.