It is taking support at the lower trend line. If it do not break that line, it may go upto 155. But, I will wait for a couple of days to see whether it sustains above the trend line.
SOPHIA ... in my view
PUNJLLOYD IS OVER SOLD..
THAT DOESNT MEAN THAT IT WILL GIVE U A NICE UPWORD MOVEMENT....
SHORTS ARE NOT COVERED YET....
U CAN SEE AN UPWORDMOVEMENT DUE TO OVERSOLD / AND SHORTS COVERING
BUT AGAIN UPWORD FRESH SHORTS WILL BUILDUP... ( just sell with them for flow with trend)
IF FRESH SHORTS ARE TRAPPED BY BUYERS THEN ITS TIME FOR SYSTEMATIC BUY...(TREND REVERSAL).