After posting this bottom, the stock had also to crossed its short-term resistance level of Rs 1040. This was an extremely bullish signal. Meanwhile, the volume chart has also shown an impressive jump. Similarly, the position of oscillators has also improved.

Overall, the medium term outlook appears positive for the stock. One can take a long position at the current level. For long purchases, the stop loss level should be Rs 1015. For long term traders, the stop loss should be Rs 942. On the upper side, the stock has a minor resistance at Rs 1208.