Herin_jain

Will this zone act as support or its a false breakout ?

Long
Herin_jain Updated   
NSE:GREAVESCOT   GREAVES COTTON LTD
The timeframe for this chart is 1hr. As we Know that whole textile sector is on bull run so is this stock. we can see that it broke the zone with high volumes if it is able to sustain this level after retesting then we can still see a upward trend in this stock for the levels of 180-185 with sl of 149.5
Trade active:
it retested the zone its forming hh and hl so its in a up trend if it crosses 160 with higher volume its possible that we can see new high of this stock
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