Rest in charts.
Bullish momentum sign
1) indicator rising in past few sessions
2) Although, Broadening pattern in play which is sign however scrip has started to face resistance after partial decline
3) Stake holding of known investors like Dolly Khanna
4) Fundamentally sound company which has shown great results with progressive rise in PAT YoY basis, reducing debts with RoE more than 20%, CAGR coming in 15.87%
Aiming towards TP- and beyond thereon after entry confirmation until the scrip sustains above support levels.
SL as per risk appetite
Will the scrip manage to break the resistance and surge this time owing to good fundamentals and strong apprehension given by top management of the company after the company successfully completed implementation of modernization programme for which topline and bottomline will grow in Q2Fy19