'Suryarosni NSE' a brief analysis and future prospectsNSE:SURYAROSNI
*Overall the stock is moving in an upward sloping channel when viewed in weekly time-frame
*It bounced perfectly from the mid of the high time frame channel
*Currently below the resistance @529.30
*In 3min lower time frame the stock is in an uptrend
*Price is above 200ma
*Conclusion: If the Resistance @529.30 is broken and established as support with good buy volume then we can expect higher prices.
Disclaimer: The views above are solely mine and it is not meant to be a financial advice. Please do your own research and analysis while engaging in trades.
Note: This is my first post and I would be delighted if you could share your feedback regarding my analysis.
SURYAROSNI trade ideas
SURYA ROSHNI TRENDLINE + 30 WEEK EMA SUPPORTNSE:SURYAROSNI is standing on its 1 year old trendline from which it has taken support 7 times.
It has now taken its 8th support and looks like a good buy from here.
The trendline was broken once but the bears wear trapped and the stock quickly climbed back.
More buying can take place if stock gives breakout from the marked rectangle region, at price of 690-710 levels. From there it can test it's all time high of 860-870 levels.
If stock sustains above all time high, it can be a good buy and hold.
STOCK ANALYSIS SURYA ROSHNI LTD.Good evening friends see the video on Surya Roshni Ltd. flag pattern is formed in the stock and it is ready to give breakout once sustain above 833 and till the time it is sustaining above 820. bullish view which can give 60 points move from 820. For detailed analysis see the video. Provide your feedbacks to enable us to improve our self.
Regards.