It has consolidated much and it is trading between the 560-660. After crossing the 200MA its been on the upside since then. so if it starts moving above 660 then it can upto 800 level and then 990 level with a stoploss at 565 for long term but if starts moving downward it will first take support at 545 level. So kindly have a watch on this level.

On weekly chart it is visible that It has not closed below its 100MA. It has maintained its levels very well so best opportunity to have in trade at the price of 602-605 for the first target of 660 where it is facing resistance and then 700 i.e. phychological level. But if it moving down then your stoploss will be 635-650 and target will be 590. On the downside it will take support at 570 i.e. its 100MA

On the daily charts it is clearly seen that it has closed above its 50 MA. Its RSI is also at 57 which is considerable. It took support at its 50MA i.e. 610.So one can make position for the upside move for the target of 630 as there is a kind of U Shape pattern is visible so watch for the breakout Otherwise if it starts moving downward then it will take support at 610 then 600 . As autosector results are very good so this stock should be in the watchlist.

I hope this analysis will help you for the upcoming trading session.
Thank you
Analysis by
Akshay Singh

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