The price is likely to attempt a trend reversal. A large white-bodied candle has appeared. Its appearance near the crucial double bottom support and its occurrence with large higher-than-average volumes adds credibility to the support levels of 180-181. Also, for the last two months, RSI has shown a strong bullish divergence against the price.
Gautam Duggad sees PE re-rating potential in 2 sectors; likes largecaps & may raise weight in Reliance
Gautam Duggal, Head of Research at Motilal Oswal, sees limited PE re-rating potential, primarily in large-cap financials and capital market stocks. He favors earnings visibility