has moved away from its recent highs and is currently forming a series of lower highs. This suggests that sellers are stepping in every time the price tries to rally. It is currently in a wait and watch zone neither in a clear uptrend nor a free fall. There is visible buying interest around the 1125 – 1150 zone. The price recently bounced from here in early February showing that investors see value at these levels. The price is struggling to cross the 1300 – 1325 mark. This area acted as a false breakout zone previously and remains a tough barrier for the bulls. After hitting a low near 1125 the stock has shown a decent recovery toward 1,245. However the momentum isn't very aggressive ***** stock is currently trading below its 50-day and 100-day moving averages. Conservative buyers usually wait for the stock to cross these lines before putting in fresh money.

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