By | September 14, 2017

* On a daily chart, the stock has halted its correction at 61.8% Fibonacci Retracement level of its last up move from 325 to 431 and has given a bounce back move which suggests an upside move in the counter.

* On a daily chart, the stock has started to trade above the 20 days exponential moving average and forming a strong bullish candlestick with rise in volume activity which is a positive sign.

* A daily momentum indicator RSI reading is at 63.73 level, heading towards the overbought zone which points out for a positive breath in the stock.

* Based on aforementioned rational further upside can be seen upto 428 level.

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