Stock had been traders pick while markets were rallying to 9000 a year back but since than it has under performed Nifty and so it has been out of radar in watch list. But i guess many of them missed a crucial pattern at the recent bottom. Though i picked it up! Strong reversal pattern “Inverse Head and Shoulder” has formed and given a confirmation by closing twice on Neckline. Still its better late than Never. Stock has just crossed a small speed breaker of 50 day at 225 and now next resistance is at 100 day EMA which is at 251 coinciding with Inverse H&S pattern. You guys still could trade.
Target on Upside: 251
Stop loss: 210