Garware Technical Fibres Ltd. - ON THE VERGE OF A BREAKOUT !! Long

GARWARE TECHNICALNSE

Description

⋅ May 28, 2020 4:09 PM

Garware Technical Fibres Ltd.

The stock closed near the resistance level (1385).

Technical indicators are bullish. Time-Trend Indicators are also bullish in Daily, Weekly, and Monthly timeframe.

If price closes above the resistance level (1400), the next resistance is 1650 and the support is 200 day SMA(1223) on the daily chart.

KEEP AN EYES!! #B+

Comments

YashS9

⋅ May 28, 2020 5:58 PM

Hi @TradingEdge_Academy ! This is a great scrip and the chart looks in a good position for a potential breakout. Great analysis! Thank you

arunindy

⋅ May 28, 2020 7:06 PM

Amazing analysis. Would there be no supply zone just above the blue resistance line and upto 1490 as in the second green rectangle from right-left side? Thxs.