Soham-18

Supreme Industries - Range Breakout

Long
NSE:SUPREMEIND   SUPREME INDUSTRIES
- Fundamentally strong company
- Breakout from a consolidated range showing a double bottom pattern
- Buying pressure indicated by the long lower wicks
- Breakout is supported by volumes, however it seems there is huge selling at 2130-2170 range but the net price change on the day is still +ve
- Don't chase the stock as it might correct a bit and a good entry can be near 2130-2100 levels
- Good for short term as well as medium term trading
- Once 2200 level is crossed there might nice momentum
Comment: As expected, the stock corrected and tomorrow also it might face levels of 2127. We may get a good entry after a bullish candle is shown in few days.
Comment: Target hit at 2320 🔥🔥

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