50 MA has crossed the 200 MA recently.
Stock is on the rise & is making higher lows.
However, it has moved up too far from the 50 MA.
Buy at around 340 levels after the stock falls and then resumes uptrend.
Target of around 400 in 3~4 months.
Long term trends indicate that the stock may move up while short term trends disagree.
Now in the transistion zone. Lets see where it pans out.
Will depend a lot on oil prices in the market.
Watch the triangle!
What is your call on Oil India?