After a short term correction, the stock has consistently been forming higher low formation, and formed a inverted head & shoulder and given breakout too,,On last Thursday, the stock has ralled 5% and also formed long bullish candle which is broadly positive.
For trend following traders now, 20 day SMA or Rs.70 would act as a sacrosanct support zone. Above which, it could move up till 83-88. On the flip side, below Rs 70 traders may prefer exit from the trading long positions.
Disclaimer:- I am holding this stock since 3 years from down level to long term. by the way it is very behatreen stock for long term.
Please do like, support, and follow me for daily update.
For trend following traders now, 20 day SMA or Rs.70 would act as a sacrosanct support zone. Above which, it could move up till 83-88. On the flip side, below Rs 70 traders may prefer exit from the trading long positions.
Disclaimer:- I am holding this stock since 3 years from down level to long term. by the way it is very behatreen stock for long term.
Please do like, support, and follow me for daily update.
Note
Rahul Pal (TradingView Moderator)
Live Market Analysis on YouTube (8:45 AM - 3:30 PM): spf.bio/TArir
Free Telegram: spf.bio/c1lkb
Website: realbullstrading.com
Premium Services: wa.me/919560602464
Live Market Analysis on YouTube (8:45 AM - 3:30 PM): spf.bio/TArir
Free Telegram: spf.bio/c1lkb
Website: realbullstrading.com
Premium Services: wa.me/919560602464
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Rahul Pal (TradingView Moderator)
Live Market Analysis on YouTube (8:45 AM - 3:30 PM): spf.bio/TArir
Free Telegram: spf.bio/c1lkb
Website: realbullstrading.com
Premium Services: wa.me/919560602464
Live Market Analysis on YouTube (8:45 AM - 3:30 PM): spf.bio/TArir
Free Telegram: spf.bio/c1lkb
Website: realbullstrading.com
Premium Services: wa.me/919560602464
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.