Ruzbeh
Long

SREINFRA entering channel again

NSE:SREINFRA   SREI INFRASTRUCTUR
SREINFRA entering channel again!! 1st target can be 96, which is the horizontal resistance! If 96 crossed then will go for 104 as 2nd target! One can enter with a stop of below 84!
Hi Ruzbeh, thank you for the chart. Could you comment what happened to SREI today despite of indices being favorable? My purchase is of 90. Was it profit booking? Is it still safe to add on dips as my time horizon is mid/long term with this stock. Please advise. Thank you.
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Ruzbeh sahilmathur
@sahilmathur, as indicated it met resistance at the area of 95-96 which was my first target!! Still it is holding within the channel. For medium term to long term weekly looks fine provided that the last low of 70 is not broken on closing. For trading below 80 itself it is not good !!
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@Ruzbeh, Excellent. Thank you so much! :)
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@Ruzbeh, Thank you I too been holding at 91 levels..Thank you..
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