The stock is also trading above short term and medium term moving averages.This stock has broken nearly two-year consolidation area above Rs 800 with strong volume. Once it resumes its upmove it can head to test its 200 moving average from the base of Rs 162 levels. The Daily RSI is refused to get oversold and has been persistently showing bullish divergence against the price. Also, Daily MACD has shown a positive crossover and it is now bullish trading above its signal line. The Daily RSI has just moved above 30 from a bottoming formation which is bullish.

Source: Economic Times February 26, 2018 05:03 UTC