Attaching Some Intresting graphs
2. The Stock gained more than 8% in Monday’s Session and closed above its
20 DMA with significant volumes. Leading Indicator RSI is rising with
positive divergence and has also reached above the benchmark level of 50.
Momentum Oscillator DMI (Directional Movement Index) has given the
bullish breakout, as +DI has crossed –DI and ADX line upside on daily
charts. Considering the technical evidences mentioned above, we
recommend buying the stock for position trading at current market price
(32.40) for the target of 36.10, keeping a stoploss of 31.