AK1808

Resting after Marathon !!

Long
NSE:SUPPETRO   SUPREME PETROCHEM
After making a whopping gains of 92% in just 2 months (March - May 2021), stock is now consolidating and has made a descending triangle pattern on weekly chart. Now one can keep this stock in watch-list and wait for any breakout. This stock can be kept for long term investment, as company holds promoters as majority stakeholders, with increasing FII participation.
Trade active: Breakout !! sustaining above 700 on weekly CB would fuel further upmove

Comments

Your predication was absolutely correct however Ijust saw your post and I jumped in to it on 31 upon seeing the breakout and uptrend
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@AqibMalikk bought at 631?? However its a long term bet mate... Continue to hold
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Also see my hginfra post...its also long term hold
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can I buy this stock because I hold 35 qty of share @715
please suggest hold or sell or avarage
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AK1808 ajitydv3086
@ajitydv3086, Yes mate its definitely a hold...you can hold it for long term and coming to average, it has support at 610/580 levels.
And see if it closes above 660 on weekly closing basis, then uptrend starts...
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thanks
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