* On hourly chart, the stock has given a breakout of its downward sloping trend line, which suggests further thrust in the counter.
* Additionally, on an hourly chart the stock has bounced back after taking support of its 50 hourly exponential moving average which signifies strength in the stock.
* Moreover, the stock is trading above its 20 as well as 50 days exponential moving average with ample volume activity which suggests a further northward movement.
* The daily momentum indicator RSI reading is at 65.35 with a 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 IL And FS Transportation Networks Ltd @ 92 StopLoss 88.50 Target 100
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