A Breakout May Be In The Offing In This Engineering Stock

The Indian equities have been quite jittery over the past couple of weeks. Broadly speaking, the headline index NIFTY50 ($NIFTY) has seen itself oscillating between 50-DMA and 200-DMA during February. These DMAs are placed at 17885 and 17302 respectively. Lately, the index has made strong attempts to hold the 200-DMA as a support on a closing basis. Despite some intermittent violations of this...