ELECTCAST : Electrosteel Castings Ltd Long

ELECTROSTEEL CASTNSE

Description

⋅ Aug 8, 2023 8:45 AM

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

Comments

vanathi

⋅ Aug 8, 2023 8:54 AM

Hi,

Welcome to the TradingView community. Good work on your first analysis.
Refer the link for guidance. tradingview.com/support/solutions/43000603748-how-to-post-awesome-ideas-and-get-lots-of-likes/

regards,
Vanathi