M&M, This stock has taken support from lower Bollinger band and 40DEMA in daily time frame. This stock has given breakout from resistance trendline in daily time frame along with good intensity of volume, also same candle closed above 20DMA. Wave structure is also suggesting and supporting same view to go long. Indicators supporting are mentioned below in snap shots. Overall, one can go long with mentioned stop loss in the chart.
Weekly MACD is positive, uptick and above zero line Daily MACD is now uptick above zero line and converging towards positive rsi in weekly is uptick above 60 levels rsi in daily is uptick above 60 levels dmi adx is positive ungali setup in weekly dmi adx is converging towards positive ungali setup in daily Breakout with good intensity of volume in daily
Disclaimer I am not sebi registered analyst My studies are for educational purpose only Consult your financial advisor before trading or investing I am not responsible for your profits and losses