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The logic to go long is written on the chart. Also the MACD indicator is showing signs of bullishness. Though I don't rely much on it as it is a lagging indicator
Expected targets : 576
S.L - As per your risk taking ability but try to keep it at 1.2 or higher
Suggestions and any comments are welcome.
The Idea is to go long. Targets and Stop loss shall be based on your risk taking capability and style of trading
A Small retracement can happen to test back the Support so be cautious and take entry as per your own analysis
If you have any doubt I'll be happy to clear it out.
:)
1. Showing strong signs of a possible uptrend
2. The current small term bearishness can be attributed to a pullback of a larger uptrend
3. Technicals - Positive crossover of 100 and 200 Moving averages
4. fundamentals - The revenues of the company have been improving from past three quarters and can possibly show better results on 31 jan
5. Budget - The push...
