Meanwhile, the trading volume too have shown an impressive jump on this counter. The position of oscillators is also improving. As for moving averages, both the medium and the short-term averages are in a positive phase. Overall, the outlook appears bullish.

One can take a long position at current levels for medium term gains. For long purchases, the stop loss level should be used at Rs 28. On the upper side, the stock has a resistance only at Rs 60 which leaves enough room for appreciation from the current levels.