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techtrail
Jul 19, 2017 5:47 AM

Sutlej Textiles: Nice Consolidation, Awaiting Breakout Long

SUTLEJ TEXTILESNSE

Description

Stock has been in a major uptrend and has been in a consolidation off-late. Watching this one for breakout signals. Would be keen to buy this...

Comment

Not the kind of price action I wanted to see. After a strong close yesterday, price has gotten back into the trading range today (July 20, 2017). I am no longer as bullish as i was yesterday. Have exited my positions for a nominal loss and waiting for more constructive piece of price action before buying it again.
Comments
rubixqube
You were spot on. If not for poor results because of GST and strong rupee headwinds, Sutlej would have crossed 1050.
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