NIFTY seems that it might rise from these levels, with the RSI Divergence + The double bottom pattern forming. Also, NIFTY seems to have breached above its 40EMA line and might make it its support level now. NIFTY might reach 10900 levels from here on.
The stock has touched the 5 year standard deviation (-2) of the regression line and might possibly see a bounce back to the regression line levels. Plus, the 40 EMA and the 200 EMA convergence may also initiate a bounce back for the 40 EMA line.