With the latest rally, the scrip has surpassed its recent high. In the process, the moving averages have also entered into positive phase. The bullishness is further confirmed by a huge jump in volumes. The latest jump in stock has been supported by substantial jump in volumes. The MACD has moved above the triggerline in the positive zone which is a positive sign. The position of RSI has also strengthened. It has been moving up after forming a positive divergence.

The weekly oscillators are also hinting at a rally. Overall the stock is expected to remain firm in the near future. Long position should be taken at the current levels. Keep a stop loss at Rs 25.50.