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Kolte Patil Developers - CMP: 236 Reversal Possible

Long
NSE:KOLTEPATIL   KOLTE-PATIL DEVELO
After a downfall, It has taken support at the lower trend line of a channel. Price is likely to move upward. Increased delivery volume indicates the same. MACD crossover also indicates a reversal of price movement. Closing above 242 will confirm the same. Closing above 242 can move the price up to 280 in the near term and 315 in Mid Term. Closing above channel will again move the price ahead.

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