The stock has been forming higher bottoms. Not only this level, it also broke the three-month old trendline on this Friday, which is a positive sign. The trading volumes have also shown a small jump. Similarily, the position of oscillators have also improved. One can expect the stock to advance further from current levels.

Long positions can be taken at the current levels with a stop loss at Rs 700. Medium-term investors can use Rs 680 as their stop-loss level.