After an intermediate-term downtrend, the stock of Future Retail found support at ₹323 in November 2019. The stock thereafter started to consolidate sideways in a narrow band between ₹323 and 353 with an upward bias.

The stock has been trending upwards over the past one week and currently tests a key resistance at ₹353. Though the stock currently tests the upper boundary of the sideways range, the indicators are showing bullish signs and project an upward breakthrough.

The resumption of the near-term uptrend can take the stock higher to ₹368 initially and then to ₹375 in the upcoming trading sessions.

Traders with a high-risk appetite can buy the stock at current levels with a stop-loss at ₹345.