FourSoft swinging up to higher levels.

FourSoft (BSE code: 532521) is moving in a well defined rising channel. As the chart shows the scrip has broken out of a downward sloping resistance line and then after correcting for two sessions has swung up. CMP is 62.95 and long positions can be initiated with stop loss of 60 on closing basis. Targets are 69-70 and 78.