Sunteck-A potential rally pending in this realty stock
Updated
We have seen a massive bull run in most of Realty stocks like DLF, Oberoi, Godrejprop, etc.
However, suntech has been consolidating in an inverted head and shoulders pattern for last few years. This is mainly due to poor sales numbers shown by the stock in past.
530-550 is a strong supply zone for the stock. Once we see a monthly closing above this, we can see massive upmove in the stock. Also, Q4 2024 results are amazing which can fuel the rally.
Keep in watchlist. Not a recommendation.
However, suntech has been consolidating in an inverted head and shoulders pattern for last few years. This is mainly due to poor sales numbers shown by the stock in past.
530-550 is a strong supply zone for the stock. Once we see a monthly closing above this, we can see massive upmove in the stock. Also, Q4 2024 results are amazing which can fuel the rally.
Keep in watchlist. Not a recommendation.
Note
Breakout is done!Note
T1 done. 600+ seen today!
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