The stock has remained under corrective decline after marking highs near 345 in the beginning of 2018. After remaining under such falling trajectory for couple of months, it has made attempts to resume its up move after taking support near the 100wMA levels. It ha broken out of a falling trend line
but saw minor throwback. The prices ended above the upper Bollinger band
in the previous week but are seen temporarily pulling back inside the band. Weekly MACD
while it trades above its signal line. Weekly RSI
stays neutral against the price but is seen breaking out from a pattern formation while marking higher bottoms. Stock is seen rapidly improving its relative momentum when benchmarked against Midcap
Index. Any move below 285 will be negative for the stock.