The stock price has formed a Piercing Candlestick Pattern during it downtrend follow by the upward breakout from the slopping trend line which indicate a reversal of the current trend.In weekly chart the stock has hold the support of rising trend line.
IF stock price sustain above the support trend line the up move is likely to continue where the next area of resistance is seen around 158-163 levels ,on lower side major support seen around 141 and 138 levels.
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