Looking weak to me, likely to head down. Closing above 46 a must for any upmove to began.
Nothing tells me its technical chart that why it can be a Buy.
There are better scrips available. Why dont you try any of my calls? Recently gave a new call http://www.mumbaibull.com/IndianStocks-Recommendations-NiftyLaxmiMachineWorksLtd-376.aspx