The stock seems to be at a point of reversal due to the following reasons 1) The stock is at 200 days moving average support and has also given a solid closing for the day. 2) The stock is also at an important support level from which it previously gave strong rallies.
Stock is in uptrend + respecting MA 200. Gave the breakout after build up and taken support at previous resistance / breakout area. Currently seems to be consolidating, respecting trend line. If breaks the trend line, might run for ALL Time High! Current scenario seems to be favouring long opportunities !!
Facing resistance at MA 200. Might follow the same or might break and change the trend! Worth keeping a watch!
Rotating near MA 200 and Trying to cross it. If breaks, might give a good move!