sudhansrini
Long

AHLUWALIA : Bouncing off strong support zone .....

NSE:AHLUCONT   AHLUWALIA CONT LTD
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As seen there is a confluence of two supports coinciding. Quick a formidable force to beat for the bears:
- Strong support between 300 to 320 formed in two time frames
- 200 day EMA coinciding with this support zone .

The stock bounced off after testing this last week. This support should hold and stock should move to test 400 levels now.

Safe pick in a toppish market ??
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