#Positional TRANSINDIA REAL ESTATE; 26% upside potential
Transindia Real Estate Ltd. has been moving in a rising channel since its demerger from Allcargo logistics in the month of Aug'23.
It took resistance from upper line of the channel after hitting an ATH of 60.5.
Proper Breakout candle is formed today i.e. on 24th Apr'24. It is very likely that price may retest the ATH, thereby forming a new ATH of 62.8 before moving in a decisive direction.
Stop Loss: 47.5
It took resistance from upper line of the channel after hitting an ATH of 60.5.
Proper Breakout candle is formed today i.e. on 24th Apr'24. It is very likely that price may retest the ATH, thereby forming a new ATH of 62.8 before moving in a decisive direction.
Stop Loss: 47.5
Trade closed: stop reached