The stock had been in a downtrend since its listing on the NSE.
But the rally from the low of 353 has been accompanied by higher volumes, signaling strength of buyers.
Prices have negated the lower top lower bottom formation, confirming a reversal of downtrend.
Chart does not give a specific target, but minor resistances could be expected at prior peaks of 655 and 790.
Bullish outlook remains valid as long as price trades above 495.
But the rally from the low of 353 has been accompanied by higher volumes, signaling strength of buyers.
Prices have negated the lower top lower bottom formation, confirming a reversal of downtrend.
Chart does not give a specific target, but minor resistances could be expected at prior peaks of 655 and 790.
Bullish outlook remains valid as long as price trades above 495.