Fresh longs are seen building up in the stock.
Long position can be initiated in the stock with stop loss of 245.
Price has crossed 50 / 20 DMA and should take support at 50 DMA.
Option chain analysis suggests that bears are trapped in this counter.
Since expiry is close by , I expect short covering to take this stock to higher
Highest OI at the call side is @ 300.
Targets and Stop Loss :-
Stop Loss :- 260 ( 20 and 50 DMA Above it)
Target :- 330