Watch the indicator closely as the stock has formed a new support at 164.25
Currently by the looks of it one can say that the stock might be trading in a "RECTANGLE"
Levels between 164 to 196 indicators suggest that
gaining little bit of positive momentum
has bounced from its oversold zone perfectly
50-weekly moving average is currently at 168 which the stock crossed this week
One can execute a long position in this stock at current levels
with a stop loss @163.25 for a target of 195
HOLD ON THE STOCK
OR EXECUTE FRESH LONGS
WE HAVE CROSSED ABOVE OUR 174 OLD TRADE OF BUY CMP WHICH WAS POSTED ON 18/11 IS STILL ON.
BTST TARGET ALMOST ACHIEVED BUT HOLD ON FOR 179