Based on the formation of a bullish divergence on the Relative Strength Index (RSI) and the price moving along the edge of the descending trendline, the stock may be indicating a reversal to the upside.
To manage risk, it is best to wait for a breakout above the previous lower high level of Rs. 145 before taking a long position and if deciding to enter at these...
looks like counter is on a good consolidation with bullish divergence in situ, previously low volume breakout happened is now on retest.
daily close above 145 might turn the trend towards positive side.
