Rec on daily chart broke out yesterday from saucer chart pattern. It also broke 50 and 100 DMAs yesterday and already trading above 20 DMA. The short term Momentum in stock is bullish though medim to long term trend still looks bearish until it breaks the downward trading channel and come above 200 which is its important psychological level. One can long this stock with target of 195.
Stop loss at 170.
CMP on yesterday - 182
