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

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