All bad news has now been accounted for. No tax hikes this budget for their products.
The stock has recently crossed above both the 200EMA and 200WEMA.
Once the stock can cross above the AVWAP of 230 this stock could start showing bullishness.
Above 245 the stock would break below the downward sloping trendline too.
Trade:
50% long above 230 (Stoploss 218, a shorter term trader can even keep a SL of 225) and 50% long above 245 (Stoploss 230).
The stock has recently crossed above both the 200EMA and 200WEMA.
Once the stock can cross above the AVWAP of 230 this stock could start showing bullishness.
Above 245 the stock would break below the downward sloping trendline too.
Trade:
50% long above 230 (Stoploss 218, a shorter term trader can even keep a SL of 225) and 50% long above 245 (Stoploss 230).