The stock has been making a series of high low and higher bottoms so far in 2022. It hit a low of Rs 99 on July 15, 2022, before bouncing back. The upmove in the stock is also accompanied by strong volumes which is a bullish sign.
Dalal Street Week Ahead: Time to get cautious & defensive after Nifty’s swift runup
From a technical standpoint, the previous week has created a gap. In the process, the index has shifted its support zones higher in the range