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pradipandsuvra

Triveni Turbine: Interesting, if not consolidates

TRIVENI TURBINE LTD (NSE:TRITURBINE)  
pradipandsuvra  
NSE:TRITURBINE   TRIVENI TURBINE LTD
Supply and Demand indianstocksanalysis triveniturbine
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supplyanddemand indianstocksanalysis triveniturbine
TRITURBINE catches my eyes because of:

  • Based on D/S: it's in a supply zone for sure.
  • But momentum is showing bullishness. (However it's often seen from RSI 70 level it can dips also)
  • Volume is very high.

There are 3 possibilities:

Supply will kick in and pushed the price down 280 level (if today's low is broken)
Breakout happens. Then it will head towards 350.
Consolidates b/w 300 and 310.

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