1. In the daily demand zone
2. Support of 200 SMA & EMA cluster
3. Bullish Divergence in 4hr tf
Conclusion: Due to above reasons stock may bounce off and reach to channel high. Bullish if it closes above 200rs with good volume.
2. Support of 200 SMA & EMA cluster
3. Bullish Divergence in 4hr tf
Conclusion: Due to above reasons stock may bounce off and reach to channel high. Bullish if it closes above 200rs with good volume.