PRAKASH INDUSTRIES

PRAKASH INDUSTRIES is heading towards a resistance zone on the weekly charts near 65-68. A break-out above this zone, will be interesting candidate for long.

For now, watch mode.

Above the resistance zone, will initiate longs.

Comment:

With today's open, price seems to be breaking out above 65-68 zone. A weekly close above this zone can be a trend changer for the stock.

Long above 68 (on close) SL last week low.

Trade active:

Stock is closing above previous weekly swing highs. It's a break-out on longer Timeframe charts. Expect more upside in the next few weeks.