Shown above is the 60 minutes chart of Indswftlab. As we can see that in the last trading session the stock had given multiple breakout of a trendline and also of many tops which were acting as a good resistance. Also the 20-day moving average has crossed the 50-day moving average on the upside indicating a buy signal for the stock. The trend line joining the lows marked as 'I' and 'J' will act as a good support coupled with the tops. Therefore, I suggest to buy the stock for targets of 34.2 maintaining a strict stop loss below 32.2.
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