Now Get InvestmentGuruIndia.com news on WhatsApp. Click Here To Know More
* On a weekly scale, the stock has bounced back after taking a support of around 268 level which is 50% retracement level of its previous move from 204.60 level to 332.60 level which suggests bull may take charge in the counter.
* On an hourly scale, the stock is sustaining above its 50 Hourly Exponential Moving Average which suggests strength in the counter.
* On a daily scale, the stock has given a breakout of its falling trend line which suggests a robust upside movement in the counter.
* A daily momentum indicator RSI reading is at 41.32 level with a positive crossover which points out for a positive breath in the stock.
* Based on the above technical structure, we are expecting an upside movement in the counter in few trading sessions.
Buy Gruh Finance Ltd @282 Target 300 Stoploss 273
To Read Complete Report & Disclaimer Click Here
For More choiceindia Disclaimer http://www.choiceindia.com/disclaimer.aspx
Above views are of the author and not of the website kindly read disclaimer