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PriceActionSpotter
Dec 16, 2021 1:15 PM

SAINT-GOBAIN SEKURIT BREAKOUT Long

SAINT-GOBAIN SEKURIT INDIA LTDBSE

Description

BSE:SAINTGOBAIN has given a breakout from its 1.5 years old trend line and CMP is running very close to the all time high made by the stock 3 years back.

Stock may consolidate further at these levels before testing virgin territory.
There is also a larger trend line where the stock could potentially face rejection after charting towards virgin territory.

Near term targets are 90-95. If the stock sustains above psychological level of 100, it could be a big winner.

Comment

UPDATE: Price is facing some rejection at 100 levels. Exit half your position and enter again after price cross 110 and retraces.
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