Heavy volumes witnessed in the buy side. Strong positive divergence continues in daily oscillators. Breakout yet to be confirm in the stock. Once the breakout get confirmed bull’s momentum will be in existence. The stock now started retracing towards 38.2%, retracement level of fall from 34.9 to 18.85 placed at 25 levels.
At the outer extent the stock will cover the gap spotted at 25.5 – 28.6 levels.
Crucial support placed at 20.5 levels.
Buy the stock with the stop loss below 20.5 [Closing].
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