The short-term outlook is bullish for The Phoenix Mills. The stock has been moving inside a bull channel since August this year. The bounce this week is happening from the lower end of this channel. That leaves the chances high for the share price to go up towards the upper end of the channel. Support is in the ₹1,680-1,660 region. The Phoenix Mills share price can rise to ₹1,850, the upper end of the channel in the coming weeks. Traders can buy The Phoenix Mills shares now at ₹1,732.
