On medium to long term trend, stock is in bearish trend making lower lows on daily chart. But recently stock took support at around 710-720 band for third time yesterday making triple bottom as shown in the chart with trendline. Stock should sustain above this trendline for some more trading sessions for base formation. However, high risk traders can buy this stock at CMP with strict stop loss at 710 and short term target of 770-780.
CMP - 732
