The price has given a reversal signal from the lower trendline of the channel with MACD Crossover Above Signal Line. Below are some possitive points for a possible bullish move:
=> There is a strong momentum as price is above short, medium and long term moving average(MA). => There is a strong growth in QoQ EPS in recent results. => Good quarterly growth in the recent results. => Growth in Net Profit with increasing Profit Margin (QoQ) => Increasing profits every quarter for the past 2 quarters.
Buy between 1763-1800. Target 1- 1911, Target 2- 1990 and T3- 2090 SL- 1690. Safe traders can exit on Target 2.
Note- This is not a recommendation but only for educational purpose.
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