i) High Volume and Inverted H& S pattern on verge of breakout ii) Increase in earnings iii) Decrease in Gross & Net NPAs. iv) Target 900-920 suggested by brokerage houses. v) FPI/FII increased holding from 51.02 to 51.43% in March 2021 qtr. vi) Reduction in covid cases and normalisation in situation.
Facts against upward movement of price : - i) The lockdown from April onwards may result in less profits for this quarter. ii) Promoters decreased holding from 13.93 to 13.58 % in March 2021 qtr. iii )Mutual Funds decreased holding from 13.93 to 13.58 % in March 2021 qtr. iv) Volume although high is lesser in the right shoulder pattern.