Since the stock is in uptrend, this outbreak suggests a likely rally. The position of oscillators have also strengthened. Overall, the outlook is positive, and one can take a long position at the current level. The stop loss is at Rs 40. On the upper side, it would face a minor resistance at Rs 52.

Similarly, Shri Krisha Petro too appears to be ready for a fresh upmove. The stock is in a major uptrend. The trading volume has also been rising steadily on this counter. The stock is all set to enter into a resistance-free area, and that would be very favourable for its technical position. One can take a long position at the current level with a stop loss of Rs 34.50