Stock Radar: This IT stock in S&P BSE Sensex is showing signs of bottoming out after falling 20% from highs; time to buy?

The stock hit a record high of Rs 1,696 on February 23. It slipped below crucial short- and long-term moving averages on the daily chart. This was a sign that bears were in control. It retested the support level of Rs 1,300 in May and bounced back.