pratiktech

HIGHER TOP HIGHER BOTTOM FORMATION IN SUPRAJIT

BSE:SUPRAJIT   SUPRAJIT ENGINEERING LTD
We have seen that the basic formation of Trend Analysis is Higher Top Higher Bottom formation & Lower Top Lower Bottom formation. Prices have recently corrected from his recent highs and it was shoot up yesterday with GOOD Volumes. If we judge it as Higher Top Higher Bottom formation we can see that Prices can make new highs above 337 or levels. If prices breaks its recent bottom of 274.05 then only the trend will get negative. Volume of the particular stocks also recommend that healthy volume has been seen around these levels ahead and correction was just a profit booking and we can also confirm by lower volume when the prices were falling down. This is just for information not for any trade.

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