Now Get InvestmentGuruIndia.com news on WhatsApp. Click Here To Know More
* On an hourly scale, the stock has given a breakout of its upper band of Falling Channel formation which indicates a bull run in the counter.
* On a daily scale, the stock is bouncing back after taking a strong support of around 136.50 level which is 50% retracement level of its previous move from 117.95 level to 155.05 level which suggests a positive move in the counter.
* Moreover, the stock is sustaining above its 100 Days Exponential moving average which signifies positive trend in the stock.
* A daily momentum indicator RSI reading is at 57.53 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 Take Solutions Limited @ 145.50-144.50 SL 138.00 TGT 160.00
To Read Complete Report & Disclaimer Click Here
For More choiceindia Disclaimer http://www.choiceindia.com/disclaimer.aspx
Above views are of the author and not of the website kindly read disclaimer