ELECTCAST : Electrosteel Castings Ltd
Electrosteel Castings Ltd
CMP : 60.60
1) Stock has broken out above crucial resistance zone and multi year highs
2) Price is consolidating since the last two months between the range of 55 to 65
3) A move above 65 - should generate strong momentum in share prices towards 95 and 105 levels
4) Overall long term structure is very pullish and stock should find support on pull-back between 59 to 61 zone
5) Weakness would extend its phase only below 53
Interesting Set-Up
CMP : 60.60
1) Stock has broken out above crucial resistance zone and multi year highs
2) Price is consolidating since the last two months between the range of 55 to 65
3) A move above 65 - should generate strong momentum in share prices towards 95 and 105 levels
4) Overall long term structure is very pullish and stock should find support on pull-back between 59 to 61 zone
5) Weakness would extend its phase only below 53
Interesting Set-Up
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