11773 Wkly Mr.14

Reason for long
a) Weekly Mr.14 Set up possibility above 1000 level only in daily closing for more than 7 day incubation.
b) Long above 1000 which can be validated by mostly first 15 min of any day for 5% gain.
c) Triangle breakout possibility upside
d) Volume accumulation
e) Functional Fundamental Force (3F): Medium financial strength and medium with medium valuation having moderately bullishness.
f) Challenge are most of the analyst recommended selling as sequential decreases in revenue and margin in last 4 quarters and hence SL compulsory if price sustains above 1000 levels.
g) Evidences of chart pattern showing mild bullishness above 1000 level due to short covering possibility.