The stock has been into a very tight congestion since last 7 months, previously an attempt to breakout was made but failed. From last two sessions the stock is attempting breakout again! What is important to notice that the last swing leg didn’t test the lower line of the rectangle
, it indicates valid buying is taking place in the stock. 210 if saved on closing basis the stock may begin a new trend up. RSI
has taken support at 40
and bounced while MACD
is trading comfortably above zero.