The stock corrected around 39% from its recent all-time high at INR 1,188 on July 19, 2021 and reversed its trend on August 24, 2021 by forming a bullish reversal candle on the daily chart.
It is trending above all its key moving averages on multi-time-frame charts with positive bias. It might fill the gap down area on the daily chart as well as retest its recent high in the upcoming weeks.
The momentum indicator RSI has entered the bullish zone on the daily chart, signaling impending price strength in this counter.
The company reported healthy Q2 2022 results. The stock has good EPS Rank 80 and a Buyer Demand Rating of A-.
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