As the stock is trading in limited range from last 4 months, now the following is noticed :-
1. MACD crossover on daily chart near just below the centre line which can be crossed with heavy price action.
2. RSI crossed yellow line turning to be bullish.
3. Trading above 20 and 50 days moving averages.
4. The consolidation phase between 240 and 300. The stock is not breaking lower levels which is bullish sign for stock.
So, one can long this stock for short term target 300 and 350 and 380 levels with strict stop loss 230.
1. MACD crossover on daily chart near just below the centre line which can be crossed with heavy price action.
2. RSI crossed yellow line turning to be bullish.
3. Trading above 20 and 50 days moving averages.
4. The consolidation phase between 240 and 300. The stock is not breaking lower levels which is bullish sign for stock.
So, one can long this stock for short term target 300 and 350 and 380 levels with strict stop loss 230.