The stock has taken support it seems and the level has been tested quite a few times. One can initiate a long position near the green zone and hold for a 10-12% move on the upside and keep a 4% SL. If If the stock bounces from this level then the stock might form a triple bottom formation.
Comment:
The stock has had a great move today. The stock has given more than 25% return in the last 2 sessions.