MACD golden cross As marked in chart, Short-term moving average (such as the 15-day moving average) is going to cross above its long-term moving average (such as 50-day moving average) The golden cross indicates a bull market on the horizon
Also, The company could be major beneficiary of News - Cabinet approves Rs 2,600 cr package for leather sector, says may create 3.24 lakh jobs which could influence the trend