1) Flag breakout; retesting the trendline
2) Delivery Volumes on recent 10% falls were low
3) Yesterday it bounced back from trend line with large volume
4) Recent results were good
Negative - RSI on daily still in oversold and shows a range shift 2) Share pledge
It has been observed that the price action bottoming out as it formed an exhaustion candle stick at support zone, indicatng sellers exhaustion and now it breaks above the downward trend line indicating buyers comeback and it shall further rally from here on if it manages to close above 1000 levels.