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* On an hourly scale, the stock is sustaining above its 50 Hourly Exponential Moving Average which suggests strength in the counter.
* Moreover, a sudden spurt in the volume has been witnessed during trading session which indicates an accentuate buying in the counter.
* On a daily chart, the stock has bounced back after taking a support of its upward Rising trendline which indicates that the stock may go up in coming trading sessions.
* A daily momentum indicator RSI reading is at 35.91 level with a positive crossover which points out for a positive breath in the stock.
* Based on the above technical structure, we are expecting a good upside movement in the counter in few trading sessions.
Buy Godfrey Phillips India Ltd @ 838-833 Stoploss 810 TGT 895
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