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Investors with a short-term perspective can buy the stock of stock of D-Link India at current levels.
It jumped 10 per cent with spurt in volume by more than 4.9 times on Monday.
Since taking support in the band between ₹65 and ₹68 in mid-February, the stock has been in medium-term uptrend. While trending up, the stock had decisively breached a key resistance at ₹80 in early March. After a corrective decline over the last two weeks, the stock found support at ₹80 recently.
The daily relative strength index has entered the neutral region from the bearish zone.
There has been an increase in daily volume over the past one week. The stock can extend the up-move and reach the price targets of ₹90.5 and ₹92.5 in the upcoming trading sessions.
Buy the stock with a stop-loss at ₹85.
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